Edmunds Launching The Edmunds Launching Company is trying to make sense of their income for the last two years. When managers assume that income is on the rise, it falls. They have two years of data for you to review and to help them in their analysis: Year 1 Year 2 Beginning FG inventory in units 1001 ? Units Produced 3,000 1,000 Units Sold 2,000 2,000 Sales $800,000 $800.000 Material Costs $210,000 $70,000 Variable Labor $66.000 $66,000 Variable Overhead $24,000 $8,000 Fixed Overhead $240,000 $240,000 Variable Selling & Administration $60,000 $60,000 Fixed Selling and Administrative Expenses 120,000 $120,000 *Beginning Inventory costs per unit for Year 0 are identical to those for Year 1. The amount of beginning inventory for Year 2 is missing. Please determine how many units are in beginning inventory. Determine the income using both absorption and variable/throughput costing. Present the data to managers so that they understand any income fluctuations