Information taken from Allied Pipe Company's records for the most recent year is as follows: Direct material used Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs $ 212,080 77,200 39,500 65,000 33,400 18,500 Required: 1. Assuming Allied Pipe Company uses absorption costing compute the inventoriable costs for the year 2. Compute the year's inventoriable costs using variable costing. Inventoriable costs 1. Absorption costing 2 Variable costing