1. In January 20Y1, Acme, Inc. reports the following results: Beginning inventory	0 units
Production	140 units
Sales	120 units
Selling price, per unit	$60
Variable manufacturing costs, per unit	$25
Variable S&A expenses, per unit	$14
Fixed manufacturing overhead, total	$1,330
Fixed S&A expenses, total	$600

a. Using variable costing, what is Acmes operating income? $______ Ending inventory? $_____

b. Using absorption costing, what is Acmes operating income? $______ Ending inventory? $_____