Landon Company Developed the Following Information for 2014: Selling and Administrative

Landon Company developed the following information for 2014: Selling and Administrative Expenses
$\begin{array}{lr}\quad \text { Variable } & \$ 30,000 \\\text { Fixed } & \$ 50,000 \\\text { Units in beginning inventory } & -0- \\\text { Units sold } & 26,000 \\\text { Direct materials used } & \$ 65,000 \\\text { Direct labor } & \$ 105,000 \\\text { Units produced } & 30,000 \\\text { Manufacturing overhead } & \\\quad \text { Variable } & \$ 40,000 \\\quad \text { Fixed } & \$ 90,000\end{array}$ Instructions
Answer the following questions.
(a) What would be the amount of the cost of goods sold under the absorption costing approach?
(b) What would be the cost of the ending inventory under the variable costing approach?
(c) Which approach would show the greater income for 2014 and by how much?