Exit Question 2 Salam Bhd. produces semiconductors for use by computer manufacturers. The following data relates to its operation in 2019: Finished goods inventory. 1i1J2019 - Units produced 60,000 Units sold 52 000 Unit variable cost - Total fixed costs _ Manufacturing RM42.50 RMTSQDUO . Sellin and administrative ' RM12.00 RM416,00U Additional information: o Salam's gross margin in 2019 was RM3,3?2,200 and its contribution margin was RM3,4[}6,000. 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: Reconciie 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 not operating income? Show calculation to support your