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

Direct material used	$	276,000
Direct labor		131,200
Variable manufacturing overhead		64,000
Fixed manufacturing overhead		104,000
Variable selling and administrative costs		59,200
Fixed selling and administrative costs		31,600

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.

Inventoriable costs 1. Variable costing 2. Absorption costing