1.Calculate PPIs 20x1 ending inventory amount (under absorption costing) in both plates and dollars using calculations you performed when creating the absorption costing income for that year. Your submission here will be two numbers, one in plates and the other in dollars.

2.Briefly explain why the two PPI 20x1 income statements you prepared using variable costing (also called direct costing or contribution margin format costing) and absorption costing show different amounts of net income (or net loss). PLEASE EXPLAIN!

3 Net income 3 Net income