During its second year of operations, TGS Corporation produced 3,030 units and sold 2,790 units at $60 each. The beginning inventory comprised 110 units, and costs were unchanged from the previous year. Costs incurred during the second year were as follows: Direct materials per unit produced $8 Direct labour per unit produced Variable overhead per unit produced 11 Variable selling and administrative costs per unit sold 2 Total fixed production overhead 21.210 Total fixed selling and administrative costs 6,340 (a) Reconcile TGS's income based on absorption costing and variable costing. Value of ending inventory under variable costing $ Fixed manufacturing costs deferred in ending inventory $ Value of ending inventory under absorption costing $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit