Ida Company produces a handcrafted musical Instrument called a gomelon that is similar to a xylophone. The gamelons are sold for $990 Selected data for the company's operations last year follow 240 225 Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fived costs Fixed manufacturing overhead Fixed selling and administrative 120 11310 1 126 2. 5220 The absorption costing income statement prepared by the company's accountant for last year appears below. 3222 Sales Cost of goods sold Gross are Selling and administrative expense Net Operating in SO 252 10,125 Required: 1 Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory @t 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 Prepare an income statement for last year using variable costing. Ida Company Variable Costing Income Statement 0