Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for w $910. Selected data for the company's operations last year follow. Units in beginning inventory 19 Units produced 306 Units sold 270 13 Units in ending inventory points Variable costs per unit: Direct materials $ 140 01:42:47 Direct labor $ 350 Variable manufacturing overhead $ 35 Variable selling and administrative $ 15 Fixed costs : Fixed manufacturing overhead $ 69, 080 Fixed selling and administrative $ 26,600 The absorption costing income statement prepared by the company's accountant for last year appears below: Sales $ 245, 708 cost of goods sold 203, 850 Gross margin 41, 850 Selling and administrative expense 30, 050 Net operating income $ 11, 808 Required: 1. Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. Prepare an income statement for last year using variable costing Complete this question by entering your answers in the tabs below. Required 1 Required 2 Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of