Exercise 17.30 Asian Iron began last year with no inventories. During the year, 10,500 units were produced, of which 9,400 were sold. Data concerning last year's operations appear here (in New Taiwanese dollars, NT$): Revenue Variable direct materials costs Variable direct labour costs Variable manufacturing overhead Variable selling Fixed manufacturing overhead Fixed selling and administrative costs NT$ 32,900 2,300 3,300 2,800 940 8,250 14,560 Variable manufacturing costs reflect the variable cost to produce the number of units manufactured. However, variable selling costs are not incurred until the units are sold, so they reflect the cost for the number of units sold. Asian Iron allocates actual manufacturing overhead costs to inventory, based on actual units produced. Calculate the value of ending inventory on the balance sheet under the following: 1. Variable costing 2. Absorption costing 3. Throughput costing (Round per unit costs to 4 decimal places e.g. 1.2354 and final answers to whole amounts, e.g. 5,725.) Ending Inventory Variable costing NTS Absorption costing NTS Throughput costing NTS Calculate operating income under the following: 1. Variable costing 2. Absorption costing 3. Throughput costing (Round all entries to whole amounts, e.g. 5,725. Enter loss using either a negative sign Operating Income Variable costing NTS Absorption costing NTS Throughput costing NTS LINK TO TEXT LINK TO TEXT Estimate the variable costing operating income if 12,110 units were produced and sold in a year. parentheses e.g. (45).) Operating income NTS