Ida Company produces a handerafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $990. Selected data for the company's operations last year follow: The absorption costing income statement prepared by the company's accountant for last year appears below. Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? Prepare an income statement for last year using variable costing