JFT Company had the following data for the month: Beginning inventory in units Units produced Units sold ($16 per unit) 2,800 units 2,100 units Variable costs per unit: Direct materials Direct labour Variable overhead $4.80 $3.00 $1.10 Variable selling expenses $0.60 Fixed costs: Fixed overhead per unit $2.00 Fixed selling and administrative $3,900 Required: (a) Compute the dollar amount of ending inventory using: (i) Absorption costing. (11) Variable costing. (4 marks) (2 marks) (b) Prepare an income statement using absorption costing. (4 marks)