Information taken from Kombucha Cooperative's records for the most recent year is as follows: ...

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Accounting

Information taken from Kombucha Cooperative's records for the most recent year is as follows:
Direct material used$ 340,000Direct labor160,000Variable manufacturing overhead75,000Fixed manufacturing overhead125,000Variable selling and administrative costs70,000Fixed selling and administrative costs37,000
Required:
Assuming Kombucha Cooperative uses absorption costing, compute the inventoriable costs for the year.
Compute the years inventoriable costs using variable costing. Information taken from Kombucha Cooperative's records for the most recent year is as follows:
Required: \(\square \)
1. Assuming Kombucha Cooperative uses absorption costing, compute the inventoriable costs for the year.
2. Compute the year's inventoriable costs using variable costing.
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