The following information relates to Ronald Industries for fiscal 2008, the companys first year of operation:

Units produced	100,000
Units sold	80,000
Units in ending inventory	20,000
Fixed manufacturing overhead	$500,000

Required:

• Calculate the amount of fixed manufacturing overhead that would be expensed in 2008 using full costing.
• Calculate the amount of fixed manufacturing overhead that would be expensed in 2008 using variable costing.
• Calculate the amount of fixed manufacturing overhead that would be included in ending inventory under full costing and reconcile it to the difference between parts a and b.