a. Compute the following using absorption costing and variable costing: 1 unit cost, 2.cost of goods sold, and 3.ending inventory.

b. Prepare an income statement using 1. absorption costing, and 2. variable costing

Units in beginning inventory Units produced Units in ending inventory 0 65,000 15,000 Selling price per unit $36 Manufacturing costs Direct materials (per unit) Direct labor (per unit) Variable overhead (per unit) Fixed overhead (total) $6.00 $3.6 $2.40 $260,000 Selling and Administrative expenses Variable (per unit). Fixed (total) $3.00 $130,000