Check my wol 2 Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $870. Selected data for the company's operations last year follow: 0.9 points 260 230 30 eBook 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 $ $ $ $ 105 325 45 15 Hint Print $ 65,000 $ 21,000 References The absorption costing income statement prepared by the company's accountant for last year appears below: Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income $ 200,100 166,750 33,350 24,450 $ 8,900 Required: 1. Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. Prepare an income statement for last year using variable costing. Check my work 2 Required 1 Required 2 Prepare an income statement for last year using variable costing. 0.9 points Ida Company Variable Costing Income Statement Sales $ eBook 200,100 Hint Variable expenses: Variable selling and administrative expense Print (109,250) References (109,250) 90.850 Fixed expenses Fixed manufacturing overhead Fixed selling and administrative expense Net operating income 0 $ 90,850