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Variable and Absorption Costing Grant Company sells its product for $59 per unit. Variable manufacturing costs per unit are $36, and fixed manufacturing costs at the normal operating level of 18,000 units are $90,000. Variable selling expenses are $7 per unit sold. Fixed administrative expenses total $155,000. Grant had 7,000 units at a per-unit cost of $41 in beginning inventory in 2016. During 2016, the company produced 18,000 units and sold 20,000. Would net income for Grant Company in 2016 be higher if calculated using variable costing or using absorption costing? Calculate reported income using each method. Do not use negative signs with any answers.

Absorption Costing Income Statement
Sales- 1180000
Cost of Goods Sold:
Beginning Inventory- 287000
Variable Costs-648000
Fixed Costs- 90000
Less: Ending Inventory-?
Cost of Goods Sold-?
Gross profit- ?
selling expense-140000
Administrative expense- 155000
Net Income-?

Variable Costing Income Statement
Sales
Cost of Goods Sold:
Beginning Inventory-252000
Variable Costs-648000
ending inventory-?
Variable cost of goods sold-?
Variable selling expense- 140000
Contribution margin-?
Fixed costs:
Manufacturing cost- 90000
Administrative Expense-155000
Total Fixed Cost-?
Net Income?

the ones with a ? mark are the once I don't know how to get

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