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I LOPP P7-3A. Variable and Absorption Costing Scott Manufacturing makes only one product with total unit manufacturing costs of $54, of which $40 is variable. No units were on hand at the beginning of 2010 During 2019 and 2020, the only product manufactured was sold for $65 per unit, and the cost structure did not change. Scott uses the first-in, first-out inventory method and has the following production and sales for 2019 and 2020: Units Manufactured Units Sold 2019....... 90,000 110,000 110,000 2020...... 120,000 Required a. Prepare gross profit computations for 2019 and 2020 using absorption costing. b. Prepare gross profit computations for 2019 and 2020 using variable costing. c. Explain how your answers illustrate the impact of differences between production and sall umes on the gross profits reported each year under absorption and variable costing. P7-4A. Variable and A