Question 3 Not changed since last attemen Marted out of 31.00 P lay question. Variable and Absorption Costing Scott Manufacturing makes only one product with total unit manufacturing costs of 554 of which 14 variable Na units were en hand at the beginning of 2019 During 2019 and 2020. the only product manufactured was sold for $65 per unit and the cost structure did not change Scott uses the first in first out invertory method and has the following production and sales for 2019 and 2020 Unies Malatured Units se 2019 110 0000 000 10 a. Prepare gross profit computations for 2019 and 2020 using absorption costing Donat use negative ions with your answers Absorption Casting 2020 0.000 0.000 b. Prepare gross profit computations for 2019 and 2020 using variable costing. Do not use negative signs with your answers. Variable Costing 2019 2020 Sales $ 5,850,000 $ 7,800,000 Variable cost of goods sold: Beginning inventory 0 1,080,000 Production 4,400,000 4,400,000 Goods available 4,400,000 5,480,000 Less: Ending inventory 800,000 400,000 Variable cost of goods sold 3,600,000 5,080,000 Less: Fixed manufacturing costs 1,540,000 1,680,000 Gross profit $ 210,000 $ 1,040,000