5:41 Back 5,6,7 in class. (1).docx FULL COSTING VS VARIABLE COSTING (example with answers Masson, Inc had the following activity during the last 3 years: 2016 2017 2018 Unit sales 10,000 8,000 12,000 Unit sales price 15 $ 15 $ 15 Production in units 10,000 10,000 Beginning 10,000 inventory-units -0- 2,000 Ending inventory-units - 2,000 -0- 8 $ 8 $ 8 Unit variable production costs Unit S and A costs 0.50 $ 0.50 Fixed $30,000 $ $ 0.50 overhead costs $30,000 $30,000 $20,000 Fixed S and A costs $20,000 $20,000 1. Prepare income statements for each year using both the Full Costing and the Variable Costing methods. 2. Reconcile any difference in net income each year.