Information taken from Allied Pipe Companys records for the most recent year is as follows:

Direct material used	$	216,000
Direct labor		80,400
Variable manufacturing overhead		41,500
Fixed manufacturing overhead		69,000
Variable selling and administrative costs		35,800
Fixed selling and administrative costs		20,500

Required:

1. Assuming Allied Pipe Company uses absorption costing, compute the inventoriable costs for the year.

2. Compute the years inventoriable costs using variable costing.