Assignment Selected data for Babar Ltd of past year of operations are presented below Product X 2500 2000 $20.00 Production in units) Sales [ in units] Selling price Manufacturing cost Raw Materials [8] Salaries of direct labour[$] Variable overhead Fixed overhead Non manufacturing cost Variable selling Fixed selling cost Ending Inventory $ 8000 $ 8400 $ 2400 $ 4000 $ 8000 $ 3500 $ 740 5. Calculate cost of goods for the year using absorption method 6. Find the net income using absorption method