1 Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $910. Selected data for the company's operations last year follow: Units in beginning inventory Units produced 310 Units sold 280 Units in ending inventory 30 Variable costs per unit: Direct materials $ 130 Direct labor $ 350 Variable manufacturing overhead $50 Variable selling and administrative $ 40 Fixed costs Fixed manufacturing overhead $ 62,000 Fixed selline and administrative $ 26,000 The absorption costing income statement prepared by the company's accountant for last year appears below: Sales $ 254,800 Cost of goods sold 284,400 Gross margin 50,400 Selling and administrative expense 37,200 Net operating income 5. 13.200 ences Required: 1. Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. Prepare an income statement for last year using variable costing Required: 1 Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. Prepare an income statement for last year using variable costing Complete this question by entering your answers in the tabs below. Required Required 2 Under absolution conting, how much fixed manufacturing overhead cost in included in the company's wwentory at the end of last year? Fixed manufacturing overhoed cont included in invatory MACHINE Required 2 >