Information taken from Tuscarora Paper Companys records for the most recent year is as follows:

Direct material used	$	274,000
Direct labor		129,600
Variable manufacturing overhead		62,000
Fixed manufacturing overhead		102,000
Variable selling and administrative costs		57,600
Fixed selling and administrative costs		30,600

Required:

1. Assuming Tuscarora Paper Company uses variable costing, compute the inventoriable costs for the year. 2. Compute the years inventoriable costs using absorption costing.

Variable costing ___

Absorption costing ____