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Please solve the following question in detiels ! A company has $25 per unit selling price, $7.00 per unit in variable production cost and $2.00

Please solve the following question in detiels !

A company has $25 per unit selling price, $7.00 per unit in variable production cost and $2.00 per unit in variable selling and administrative cost. The annual fixed production cost is $400,000. The annual fixed selling and administrative cost is $50,000.

Complete the table below for each year. Assume a FIFO flow.

2016

2017

2018

2019

Units Produced

120,000

150,000

100,000

100,000

Units Sold

110,000

120,000

140,000

100,000

Cost per unit under variable costing

Cost per unit under absorption costing

Operating income under variable costing

Operating income under absorption costing

Ending inventory using variable costing ( $ )

Ending inventory using absorption costing ( $ )

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