*E6.18 (LO 5), AN Langdon Ltd. produced 9,000 units during the past year, but only 8,200 of the units were sold. The following additional information is also available. Direct materials used 79,000 Direct labor incurred 30,000 Variable manufacturing overhead 21,500 Fixed manufacturing overhead 45,000 Fixed selling and administrative expenses 70,000 Variable selling and administrative expenses 10,000 There was no work in process inventory at the beginning and end of the year, nor did Langdon have any beginning finished goods inventory. Instructions a. What would be Langdon Ltd.'s finished goods inventory cost on December 31 under variable costing? b. Which costing method, absorption or variable costing, would show a higher net income for the year? By what amount