Previous Q2. Next Selling price Rs. 30, Direct material Rs. 8, Direct labor Rs. 4, FOH variable Rs. 2 FOH fixed Rs. 40,000, Selling variable Rs. 2 fixed Rs. 30,000 Year 1 Year 2 Beginning inventory 0 5000 Production 40000 45000 Unit sold 35000 42000 Ending Inventory 5000 8000 Required: a) Prepare statement for two years according to absorption costing and variable costing method. Follow FIFO method. b) Prepare reconciliation statement.