1. What is the ending finished-goods inventory cost under absorption costing? 2. What is the ending finished-goods inventory cost under variable

1. What is the ending finished-goods inventory cost under absorption costing?2. What is the ending finished-goods inventory cost under variable costing?Units sold 1,400Units produced 1,600Direct labor $4,200Direct materials used 3,500Fixed manufacturing overhead 2,200Variable manufacturing overhead 300Selling and administrative expenses (all fixed) 700Beginning inventories 0Contribution margin 5,600Direct-material inventory, end 800