Information taken from Kombucha Cooperative's records for the most recent year is as follows: Direct material used Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs Required: 1. Absorption costing 2. Variable costing $ 218,000 82,000 42,500 1. Assuming Kombucha Cooperative's uses absorption costing, compute the inventoriable costs for the year. 2. Compute the year's inventoriable costs using variable costing. Inventoriable costs 71,000 37,000 21,500

Information taken from Kombucha Cooperative's records for the most recent year is as follows: Required: 1. Assuming Kombucha Cooperative's uses absorption costing, compute the inventoriable costs for the year. 2. Compute the year's inventoriable costs using variable costing