Amalgamated Glass and Mirror Inc. had sales of 37,500 units and production of 50,000 units. Other ...

Amalgamated Glass and Mirror Inc. had sales of 37,500 units and production of 50,000 units. Other information for the year included:

Direct manufacturing labour   $375,000
Variable manufacturing overhead   200,000
Direct materials   300,000
Variable selling expenses   200,000
Fixed administrative expenses   200,000
Fixed manufacturing overhead   400,000
There was no beginning inventory.

Required:
a.   Compute the ending finished goods inventory under both absorption and variable costing.
b.   Compute the cost of goods sold under both absorption and variable costing.