Page Break Q1. (10 marks) For the current year, Bose Inc., had sales of 45,000 units and production of 55,000 units. Other information for the year included: Direct manufacturing labour$169,500 Variable manufacturing overhead73,000 Direct materials62,000 Variable selling expenses 20,000 Fixed administrative expenses225,000 Fixed manufacturing overhead125,000 There was no beginning inventory. Required: a. Compute the ending finished goods inventory under both absorption and variable costing. b.Compute the cost of goods sold under both absorption and variable costing. - Page Break