Ida Company produces a handcrafted musical instrument called a gomelan that is similar to a xylophone. The gamelons are sold for $950, Selected data for the company's operations last year follow Unito in beginning inventory Units produced 270 Units sold 235 thits in anding Inventory 35 Variable costa per unit: Direct materials $110 Direct labor $ 330 Variable manufacturing overhand $ 30 Variable selling and administrative $ 20 Mixed conta Fixed manufacturing overhead 381,000 Fixed selling and administrative 9.22.000 The absorption costing Income statement prepared by the company's accountant for last year appears below: sales $ 223,250 Cont of yoods sold 180,950 Gross margin 42,300 Selling and administrative expense 26.700 Nat operating incon # 15,600 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? M. 37 Navt