Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $920. Selected data for the company's operations last year follow D 275 260 15 Units in beginning inventory Units produced Units sold Unite in ending inventory Variable conta per unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costa Fixed manufacturing overhead Fixed welling and administrative $ 110 5 320 $ 40 $ 15 $ 77,000 $ 33,000 The absorption costing income statement prepared by the company's accountant for last year appears below: Sales cost of goods sold Gross margin Selling and administrative expense Net operating income $ 239,200 195,000 44,200 36, 900 $ 7,300 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 last year