Please see attached file. I appreciate your help. Thanks in advance

[5] Assignment #7 (one) ( G IG) eztomheducetioneomfhmmx i O i Bherdt Bicycie, located in india, produces an inexpensiwe yet rugged bicycle for use on crowded oily streets. The company sells the bicycle For 585 rupees. (Indian currency is denominated in rupees, denoted try R.) Selected data for the eampany'r. operations last year follow: Units in beg'nning inventory 0 Units produud 15,850 Units sold 12,900 in ending inventory 3.950 ble costs per unit: Dlreot materials R 139 Direct labour R 176 Variable menulacturing overhead R BB Variable selling and administrative R 52 Fixed mete: Fixed manufacturing overhead R960,450 Fixed selling and administrative M40500 r= . An absorption costing income statement prepared by the company's amuntant appears below: Seies [12,900 units 1 R585 per unit) R7,546,500 Cost of goods sold: Beginning inventory R 0 Add Goal of geode manufactured (16,850 units x R l per unit) 7,767,850 Goods available torsele 7,757,350 Le: endi inventury (3,950 units X R L Per unit) 1,820,950 5,948,900 Gross margin 1,599,500 Selling and administrative exp-en - Variable seliing and ad 'strativel 670,800 Fixed selling and adminlstra'tive 640,300 1,311,100 Operating income R 288,500 r- Required: 1. Determine how much of the ending inventory of R1,820,950 above consists of lixed menul'aamring overhead cost deferred in inventory to the next period [5] Assignment #7 (one) ( G '6) ezto.mheducation.cnm1hm.tpx ' i O upmul lelu n Luu,uuu Required: 1. Determine how much of the ending inventory of R1.820,950 above consists of xed manufacturing overhead cost deferred in inventnry [a th- naxl period 2. Prepare an income statement fur the yeer using the variable costing method. Verieble expenses: Veri-bie met at goods sold: Check my work