Ortiz Company produced 9,000 units during the past year but sold only 8,200 of the units. The following additional information is also available: There was no work in process inventory at the beginning of the year. Ortiz did not have any beginning finished goods inventory either. Instructions (a) Calculate Ortiz Company s finished goods inventory cost on December 31 under variable costing. (b) Determine which costing method, absorption or variable, would show a higher net income for the year. By what amount?