Consider the following information pertaining to a year's operation:

Units sold: 1,400
Units produced: 1,600
Direct Labor: $4,200
Direct materials used: 3,500
Fixed manufacturing overhead: 2,200
Variable manufacturing overhead: 300
Selling and administrative expenses: 700
Beginning inventories: 0
Contribution margin: 5,600
Direct-material inventory, end: 800

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