Comb company produces a product that is sold for KD 980. Selected data for the company's operations last year follow: 250 200 KD 110 KD 330 Units produced Units sold Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative KD 50 KD 25 KD 72,000 KD 27,000 The absorption costing income statement prepared by the company's accountant for last year had a net operating income of KD 8,400. Required: 1. Under absorption costing, what is that cost of goods sold for last year? Cost of goods sold = KD 2. Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? Fixed manufacturing overhead cost included in inventory = KD 3. Under variable costing, what is the net operating income for last year? Net operating income = KD