ces Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $910. Selected data for the company's operations last year follow Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead, Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative 300 265 35 $115 $325 $ 45 $ 20 $72,000 $ 34,000 The absorption costing income statement prepared by the company's accountant for last year appears below: Sales Cost of goods sold Gross margin $241,150 192,125 49,025 Selling and administrative expense 39,300 $ 9,725 Net operating income Required: Check my