Information taken from Collegiate Sporting Goods Company's records for the most recent year is as follows Direct material used Direct labor Vari able manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs $287,000 140,000 75,000 115,000 68,000 37,100 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