Last year, Phillips Company produced 300,000 units and sold 280,000. Beginning inventory was zero. During the period they had: Indirect Labor (variable) $900,000 Indirect materials (variable) $600,000 Other variable manufacturing overhead $1,500,000 Fixed manufacturing overhead $2,400,000 Fixed administrative expenses $800,000 Fixed selling expenses $450,000 Variable selling expenses, per unit $40 Direct labor, per unit $50 Direct materials, per unit $25 Compute the dollar amount of ending inventory using the Absorption costing. Compute the dollar amount of ending inventory using the Variable costing