Information taken from Allied Pipe Companys records for the most recent year is as follows: Direct material used $ 219,000 Direct labor 82,800 Variable manufacturing overhead 43,000 Fixed manufacturing overhead 72,000 Variable selling and administrative costs 37,600 Fixed selling and administrative costs 22,000

Required: Assuming Allied Pipe Company uses absorption costing, compute the inventoriable costs for the year. Compute the years inventoriable costs using variable costing.

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

2. Compute the years inventoriable costs using variable costing.