During 2021 Snow produced 30,000 units and sold 27,000 units at a price of $90 per unit. Fixed factory overhead is applied based on production. Costs for last year were as follows: Variable costs per unit Direct materials Direct labour Variable overhead Variable selling $20 $10 $2 $3 Fixed costs Manufacturing cost Selling and administration $330,000 $120,000 o Format V B I U 3. Determine income for Snow. Assume Snow is using absorption costing. Show workings. (7 marks) 1. What is the cost of ending inventory on the balance sheet if Snow is using absorption costing?( 4 marks) 2. What is the cost of ending inventory on the balance sheet if Snow is using variable costing?(4 marks) 3. Determine income for Snow. Assume Snow is using absorption costing. Show workings. (7 marks) 4. Calculate net income for Snow. Assume Snow is using variable costing. (7 marks) I S