Foamtastic Bags makes only one product, extra large bean bags. These bean bags are so big that an entire family can snuggle on them while watching a movie in quarantine. The firm has provided the following data concerning its most recent month of operations. Please show work. Thank you

Selling Price Unit Variable Costs/Unit: Direct Materials Direct Labor Variable MOH Variable SG&A Fixed Costs: Fixed MOH Fixed S,G, & A 69.872 36,416 The company started out the month with no units in inventory. During the first month, the firm produced 6,964 units. Sales during month 1 totaled 5,739. During the second month, the manager was forced to sell off some of the inventory he had accumulated. They sold 6,110 units in month 2, but only produced 5.590. All production costs remained stable across the periods. The company currently uses a first-in-first-out system to account for inventory. Round ALL calculations to the nearest hundredth (two decimal places). 1. Calculate the TOTAL number of units in ending inventory at the end of Month 2 Units of Ending Inventory (Month 2) 2. Calculate the MONTH 2 operating income under ABSORPTION costing. Month 2 Absorption Costing Operating Income 3. Calculate the MONTH 2 operating income under VARIABLE costing. Month 2 VARIABLE Costing Operating Income I 4. Reconcile the difference in operating income under both methods in MONTH 2. These numbers will not be equal due to differences in rounding, but should be within approximately $30 of each other. Absolute value of Month 2 difference in operating income Absolute value of [(Month 1 change in inventory units X Month 1 FOH/Unit ) + (Month 2 change in inventory units x Month 2 FOH/Unit =0