plication) eBook Show Me How Office 365 Income statements under absorption costing and variable costing Fresno Industries Inc. manufactures and sells high-quality camping tents. The company began operations on January 1 and operated at 100% of capacity (206,000 units) during the first month, creating an ending inventory of 24,000 units. During February, the company produced 182,000 units during the month but sold 206,000 units at $540 per unit. The February manufacturing costs and selling and administrative expenses were as follows: Total Number of Unit Units Cost Cost Manufacturing costs in February 1 beginning inventory: Variable Fixed 24,000 24,000 $270.00 31.00 $6,480,000 744,000 Total Manufacturing costs in February: $301.00 $7,224,000 Variable Fixed 182,000 $270.00 $49,140,000 182,000 35.80 5305.80 $55,655,600 6.515,600 Total Selling and administrative expenses in February: Variable 206,000 23.00 $4.902,800 Fixed 206,000 1.00 206,000 Total 24.00 $5,108,800 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis. and input your answers in