Wolf Corp manufactures televisions and has theoretical capacity of $70,000$ units. In $2023,$ they budgeted to manufacture and sell $60,000$ units. Wolf made the budgeted units and then sold $50,000$ units. Costs for Wolf Corp are as follows:

$\backslash$table$[[,$Cost,$],[$Direct materials per unit,$18,],[$Direct manufacturing labour per unit,$25,],[$Variable manufacturing OH per unit,$12,],[\backslash$table$[[$Variable operating $($non$-$manufacturing$)$ costs per$],[$unit$]],9,],[$Fixed overhead cost for $2023,$$$480,000,]]$

At the beginning of the year they had no inventory and the televisions sell for $$150$ per unit.

Required:

Calculate the per unit and total value of inventory using absorption costing. For full marks show all your supporting calculations. $(3$ marks$)$

Calculate the per unit and total value of inventory using variable costing. For full marks show all your supporting calculations. $(3$ marks$)$

What is the ending inventory $($in units$)?(1$ mark$)$

Calculate the value of ending inventory in dollars using variable costing and absorption costing. For full marks show your supporting calculations. $(4$ marks$)$

Would absorption or variable costing report the higher net income in this situation? How do you know? $(2$ marks$)$