Fringe-Factory Fringe-factory-produces-fun-keychains-and-has-reported the following data-for August. 1 0! Beginning inventory Units produced Units-soldg 105,000 95,000 og Selling price per unit Variable manufacturing costo Variable non-manufacturing costs Fixed-manufacturing costa Fixed non-manufacturing costa $8- $1.40 $1.25 $210,000 $70,000 Absorption Costing Net-Income 1 $248,250- 1 1)-What-is-the-product-cost-per-unit-using-absorption costing? ($3.40)1 T 1 1 2) What is the value of ending inventory using absorption costing?-($34,000)1 T 1 1 3) What-is-the-product-cost per unit-using-variable costing?-($1.40)1 1 11 11 4)-What-is-the-value of ending inventory using variable costing? ($14,000) 1 T 1 5) What is net income-using variable costing-(reconcile-this-from the absorption costing net income- rather than making an income statement using variable costing)-($228,250) TT