Question 3: Information taken from Collegiate Sporting Goods Company's records for the most recent year is as follows: $ Direct material used 78,000 Direct labour 53,750 Variable manufacturing overhead 21,250 Fixed manufacturing overhead 57,000 Variable selling and administrative costs 228,000 Fixed selling and administrative costs 86,000 Required: A. Assuming the company uses absorption costing, compute the inventoriable costs for the year. B. Compute the year's inventoriable costs using variable costing