Information taken from Allied Pipe Company's records for the most recent year is as follows:

Direct material used	$	212,000
Direct labor		77,200
Variable manufacturing overhead		39,500
Fixed manufacturing overhead		65,000
Variable selling and administrative costs		33,400
Fixed selling and administrative costs		18,500

Exercise 8-26 Absorption versus Variable Costing (LO 8-1) 5 Information taken from Allied Pipe Company's records for the most recent year is as follows: points Skipped Direct material used $212,000 Direct labor 77,200 Variable manufacturing overhead 39,500 eEook Fixed manufacturing overhead 65,000 Variable selling and administrative costs 33,400 References Fixed selling and administrative costs 18,500 Required: 1. Assuming Allied Pipe Company uses absorption costing, compute the inventoriable costs for the year. 2. Compute the year's inventorlable costs using variable costing. Absorption costing 2. Variable costing %