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 $208,000 74,000 37,500 61,000 31,000 16,500 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. 1. Absorption costing 2. Variable costing Inventoriable costs