2. (25 points) variable costing vs absorption costing. Kineret Inc. provided the following summarized data for 2018 and 2019. Kineret manufactures a single product and started operation on January 1, 2018. (In all parts of this question show your calculations.) 2019 2018 Units Produced 20,000 22,400 Units Sold 22,400 20,000 Total fixed manufacturing overhead Variable manufacturing overhead per unit produced Total fixed operating expense Variable operating expense per unit sold Direct materials per unit produced Direct labor per unit produced Selling price per unit 963,200 21 540,000 8 10 12 180 a) What is product cost per unit under variable costing? 2018: 2019: b) What is product cost per unit under absorption costing? 2018: 2019: c) 2018 ending inventory under absorption costing is: d) 2018 ending inventory under variable costing is: e) 2019 cost of goods sold under absorption costing is: f) 2019 cost of goods sold under variable costing is