Number of Units added to (subtracted from) inventory? Fixed overhead cost per unit? Fixed costs added to inventory?

Hayek Bikes prepares the income statement under variable costing for its managerial reports, and it prepares the income statement under absorption costing for external reporting. For its first month of operations, 375 bikes were produced and 225 were sold, this left 150 bikes in ending inventory. The income statement information under variable costing follows Sales (225x $1,600) Variable production cost (225 x $625) Variable selling and administrative expenses (225 x $65) $ 360,000 140,625 14,625 Contribution margin Fixed overhead cost 204,750 56,250 75,000 Fixed selling and administrative expense Net income $ 73,500 1. Prepare this company's income statement for its first month of operations under absorption costing