For 2014, Nichols, Inc., had sales of 150,000 units and production of 200,000 units. 

Other information for the year included: 

Direct manufacturing labor £187,500 

Variable manufacturing overhead 100,000 

Direct materials 150,000 

Variable selling expenses 100,000 

Fixed administrative expenses 100,000 

Fixed manufacturing overhead 200,000

There was no beginning inventory. Required: a. Compute the ending finished goods inventory under both absorption and variable costing Absorption? Variable? b. Compute the cost of goods sold under both absorption and variable costing. Absorption? Variable?