Exit Question 2 Salam Bhd. produces semiconductors for use by computer manufacturers. The following data relates to its operation in 2019: Finished goods inventory, 1/1/2019 Units produced Units sold 60,000 52,000 Manufacturing Selling and administrative Unit variable cost RM42.50 RM12.00 Total fixed costs RM759,000 RM416,000 Additional information: Salam's gross margin in 2019 was RM3,372,200 and its contribution margin was RM3,406,000. Required: 1. Using absorption costing and variable costing, compute: a. unit product cost b. ending inventory cost C. cost of goods sold 2. Prepare an income statement for Salam Bhd. for the year ended 31 December 2019 using absorption costing and variable costing. 3. Refer to your answers in Requirement 2. Evaluate the net operating incomes obtained (Hint: Reconcile the net operating incomes). 4. Suppose Salam sold all the 60,000 units produced. What would be the effect on absorption costing net operating income and variable costing net operating income? Show calculation to support your