manufactures trendy, good-looking, moderately priced umbrellas. The following data are for the year ended Decen Beginning inventory, January 1, 2020 100,000 units Ending inventory, December 31, 2020 2020 Sales 50,000 units 400,000 units Selling price $25 per unit Variable manufacturing cost per unit, including direct materials $6 per unit Variable selling & admin. cost per unit sold $2 per unit sold Fixed manufacturing costs $1,625,000 Fixed selling & admin. costs submit. Click Save All Answers to save all answers. $1,100,000 Variable manufacturing cost per unit, including direct materials $6 per unit Variable selling & admin. cost per unit sold Fixed manufacturing costs $2 per unit $1,625,000 Fixed selling & admin. costs $1,100,000 Required: Assume standard costs per unit are the same for units in beginning inventory and units produced during the variances. Prepare income statement under variable costing for the year ended December 31, 2020. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt ick Save and Submit to save and submit. Click Save All Answers to save all answers. A