Exercise 6-18 Langdon Company produced 8,600 units during the past year, but only 8,200 of the units were sold. The following additional information is also available. Direct materials used $79,500 Direct labor incurred $29,500 Variable manufacturing overhead $20,000 Fixed manufacturing overhead $51,600 Fixed selling and administrative expenses $71,500 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 Rudy What would be Langdon Company's finished goods inventory cost on December 31 under variable costing? (Round intermediate calculations to 2 decimal place Finished goods inventory cost 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 decim 2,510) method would show a higher net income by Click if you would like to show Work for this questions Open Show Work