CALCULATOR PRINTER VERSION BACK NEXT Exercise 6-18 Langdon Company produced 8,600 units during the past year, but only 8,000 of the units were sold. The following additional information is also available Direct materials used $63,800 Direct labor incurred $28,000 Variable manufacturing overhead $20,000 Fixed manufacturing overhead $34,400 Fixed selling and administrative expenses $69,000 Variable selling and administrative expenses $8,000 There was no work in process inventory at the beginning and end of the year, nor did Langdon have any beginning finished goods inventory. What would be Langdon Company's finished goods inventory cost on December 31 under variable costing? (Round intermediate calculations to 2 decimal places and final answer to o decimal places, e.g. 2,510.) . 10.25 Finished goods inventory costs LINK TO TEXT Which costing method, absorption or variable costing, would show a higher net income for the year? By what amount? (Round Intermediate calculations to 2 decimal places e.g. 10.25 and final answer to O decimal places, e.g. 2,510.) method would show a higher net income by $ Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT