Information taken from Collegiate Sporting Goods Company's records for the most recent year is as follows: $276,000 Direct material used Direct labor Variable manufacturing 131,200 64,000 104,000 59,200 overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative 300 costs Required: 1. Assuming Collegiate Sporting Goods Company uses absorption costing, compute the inventoriable costs for the year. Inventoriable cost 2. Compute the year's inventoriable costs using variable costing. Inventoriable cost