Hornitos Company Produced 30,000 Units and Sold 29,000 Units in 2018

Hornitos Company produced 30,000 units and sold 29,000 units in 2018. Beginning inventory was zero. During the period, the following costs were incurred: $$\begin{array} { l r } \text { Indirect labor } & \$ 60,000 \\\text { Indirect materials } & 30,000 \\\text { Other (variable overhead) } & 90,000 \\\text { Fixed manufacturing overhead } & 180,000 \\\text { Fixed administrative expenses } & 150,000 \\\text { Fixed selling expenses } & 120,000 \\\text { Variable selling expenses, per unit } & 40 \\\text { Direct labor, per unit } & 80 \\\text { Direct materials, per unit } & 20\end{array}$$
Required:
Compute the dollar amount of ending inventory using:
a.Absorption costing
b.Variable costing