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 Fixed selling and administrative costs $206,000 72,400 36,500 59,000 Variable selling and administrative costs 29,800 15,500 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