Miley industries manufactures a single product. Variable production costs are 20 and fixed production cost are 300,000. Miley uses a normal activity of 20,000 units to set its standard costs. Miley began the year with no inventory, produced 22,000 units and sold 21,000 units.

What is the Ending inventory under absorption costing?

New company had 200,000 income using absorption costing. York has no variable  manufacturing costs. Beginning inventory was 15,000 and ending inventory was 22,000. 

What is the income under variable costing?