In 2019, Barry Grey Inc. sold 42,000 units at a selling price of $44 per unit. The company manufactured 70,000 units. Variable manufacturing costs were $22 per unit manufactured. Fixed manufacturing costs amounted to $334,000. Variable marketing costs were $9 per unit sold, and the budgeted and actual fixed marketing costs were $30,000. Other fixed operating expenses amounted to $22,000. There was no beginning inventory.

Round all answers to the nearest whole number. a) Calculate the company's 2019 operating income using absorption costing.

Revenues
Cost of Goods Sold:
Beginning Inventory
Cost of Goods Manufactured
Less: Ending Inventory
Cost of Goods Sold
Gross Margin
Operating Expenses:
Marketing Costs
Other Fixed Operating Expenses
Income from Operations

b) Calculate the company's 2019 operating income using variable costing.

Revenues
Variable Cost of Goods Sold
Beginning Inventory
Cost of Goods Manufactured
Less: Ending Inventory
Variable Cost of Goods Sold
Variable Marketing Costs
Contributed Margin
Operating Expenses:
Fixed Manufacturing Overhead Costs
Fixed Marketing Costs
Other Fixed Operating Expenses
Income from Operations