The following data pertains to a manufacturing firm's first year of operations: Units in beginning inventory 0 Units produced 100 Units sold 80 Selling price per unit $50 Cost of producing 100 units: $1,500 Direct materials (variable) Direct labor (variable) 1,100 500 Variable overhead 760 Fixed overhead variable selling and admin 230 fixed selling and admin 840 Compute the following: 1. Total cost of ending inventory using variable costing. 2. Total cost of ending inventory using absorption costing. 3. Net Income using variable costing. 4. Net Income using absorption costing. A A