please answer #4 as well, the blue words are ones that are a drop down. the choices are those four listed

Prime Cost, Conversion Cost, Preparation of Income Statement: Manufacturing Firm Kildeer Company makes easels for artists. During the last calendar year, a total of 37,000 easels were made, and 38,000 were sold for $56 each. The actual unit cost is as follows: Direct materials $14.00 Direct labor 5.00 9.00 Variable overhead Fxed overhead 14.00 Total unit cost $42.00 The seling expenses consisted of a commission of $1.10 per unit sold and advertising co-payments totaling $92,000. Administrative expenses, all fixed, equaled $179,000. There were no beginning and ending work in process inventories. Beginning finished goods inventory was $159,600 for 3,800 easelt Required: 1. Calculate the number and the dollar value of tasets in ending finished goods Inventory Ending units Dollar amount Accounting numer teld 2. Prepare a cost of goods sold statement 2. Prepare a cost of goods sold statement Kildeer Company Statement of Cost of Goods Sold For the Year Ended December 31 Cost of goods manufactured Add: Beginning finished goods inventory Cost of goods available for sale Lesst Ending finished goods Inventory Cost of goods sold 3. Prepare an absorption costing Income statement. In addition to dollar amounts, enter the amounts as a percent, rounded to two decimal places. For example, 5235 would be 52.35% and you would enter 52.35 as your answer. Kildeer Company Income Statement: Absorption Costing For the Year Ended December 31 Percent Sales Cost of goods sold JOJ Gross margin Less operating expenses Sales 4 Cost of goods sold Gross margin Less operating expenses Commissions Advertising co-pays Administrative expenses Operating income 4. How Kildeer's accountants might wielkie one or more data analytic types (descriptive, diagnostic, predictive, or prescriptive), along with its absorptlon-costing Income statement, to improve various decisions involving its easels (refer to Exhibit 2.5 and Exhibit 2.6 for a review of data analytic types) Diagnostic data analyties would inform accountants as to any historic trends in the easels sales revenues, cost of goods sold, and profitability Descriptive data analytics, such as an analysis of the ease's significant cost drivers, would inform accountants as to why the easels Incur their current costs giver dating production technologies and so forth data analytics, such as sales or cost of goods sold forecasting models, would help accountants better predict future trends in the casels sales, costs, Predictive and profitability Finally, Prescriptive analytics, such as Monte Carla simulations, should help accountants to more effectively reduce the future product cost of manufacturing casals, as well as full cost across the value chain of designing, delivering, and servicing casels