Need help filling in the formulas where the question marks are in the sheet. To check to ensure correctness, if you change the units sold data to 6,000 for Year 2. The cost of goods sold under absorption costing for Year 2 should now be $240,000. I need to understand/see the excel formulas used where the question marks are.

D C E F G A 2 3 Data $50 4 Selling price per unit 5 Manufacturing costs: 6 Variable per unit produced: Direct materials 7 $11 8 Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year 11 Selling and administrative expenses: $6 $3 9 10 $120,000 Variable per unit sold 13 Fixed per year $4 12 $70,000 14 15 Year 2 Year 1 16 Units in beginning inventory 17 Units produced during the year 18 Units sold during the year C 10,000 6,000 8,000 8,000 19 20 Enter a formula into each of the cells marked with ? below 21 Review Problem 1: Contrasting Variable and Absorption Costing 22 23 Compute the Ending Inventory 24 Year 1 Year 2 25 Units in beginning inventory 26 Units produced during the year 0 28 r old dunng the year Units in ending inventory 29 Compute the Absorption Cos ting nit Product Cost Year 1 31 Year 2 32 Direct materials Direct labor aable manufacturing overhead 35 36 Absorption costing unit product cost 2 37 38 Construct the Absorption Costing Income Statement Year 2 Year 1 40 Sales 2 41 C f goods sold 42 Gross 43 Selling and administrative expenses 44 Net operating income 2 2 2 2 45 46 Compute the Variable Costing Unit Product Cost 47 Year 1 Year 2 48 Direct materials 49 Direct labor ? 2 2. 50 Variable manufacturing overhead 51 Variable costing unit product cost 52 53 Construct the Variable Costing Income Statement 54 Year 1 Year 2 55 Sales 56 Variable expenses: Variable cost of goods sold Vaiable selling and administrative expenses 59 C 60 Fixed on margin 2 61 Fixed manufacturing overhead 62 Fixed selling and administrative expenses 63 Net operati ng income ? 2 2 64