JFT Company had the following data for the month:

Beginning inventory in units	-
Units produced	2,800 units
Units sold ($16 per unit)	2,100 units
Variable costs per unit:
Direct materials	$4.80
Direct labour	$3.00
Variable overhead	$1.10
Variable selling expenses	$0.60
Fixed costs:
Fixed overhead per unit	$2.00
Fixed selling and administrative	$3,900

(a) Compute the dollar amount of ending inventory using:

1. (i) Absorption costing.
2. (ii) Variable costing.

(b) Produce an income statement using absorption costing.