Ida Sidha Karya Company is a family-owned company located on the island of Ball in Indonesia. The company produces a handcrafted Balinese 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: 0 100 180 20 Units in beginning inventory Unito produced Units sold Units in ending inventory Variable costs per unit Direct materials Direet labor Variable manufacturing overhead Variable selling and administrative Fixed conto Pixed manufacturing overhead Fixed selling and administrative 5 3 5 120 140 40 30 $ 56,000 $ 24,000 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 $ 178,200 140,400 37,800 29,400 $ 8,400 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? Fixed manufacturing overhead cost included in inventory Roquin Required 2 > Prepare an income statement for last year using variable costing. Ida Sidha Karya Company Variable Costing Income Statement