Kingbird Company produced 10,000 units during the past year but sold only 8,600 of the units. The following additional information is also available: There was no work in process inventory at the beginning of the year. Kingbird did not have any beginning finished goods inventory either. (a) Calculate Kingbird Company's finished goods inventory cost on December 31 under variable costing. (Round per unit calculations to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, e.8. 125.) Finished goods inventory cost $ eTextbook and Media Attempts: 1 of 2 (b) Determine which costing method, absorption or variable, would show a higher net income for the year. would show a higher net income. By what amount? (Round per unit calculations to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, e.s. 125.)