8-11) You have been provided with the following information for your firm's most recent month of operations: Selling price $100 400 Units in beginning inventory Units produced Units sold Units in ending inventory 8.500 8.600 300 Variable costs per unit Direct Raw materials Direct labore Variable MOHS Variable selling and administrative S $35 2 Sil Fixed costs 56700 Fixed MOH Fixed selling and administ $120.00 Units in ending inventory 300 Variable costs per unit: Direct Raw materials Direct labor Variable MOHS Variable selling and administrative Fixed costs: Fixed MOH Fixed selling and administrative $67,000 $170,000 The firm maintains the same level of production every month, although the sales in units vary from month to month. The variable costs per unit and total fixed costs remain the same every month. 8) Calculate the operating income under absorption costing. 9) Calculate the operating income under variable costing. 10) Calculate the value of ending inventory under absorption costing. 11) Calculate the value of ending inventory under variable costing