Prime Cost, Conversion Cost, Preparation of Income Statement: Manufacturing Firm Kildeer Company makes easels for artists. During the last calendar year, a total of 35,000 easels were made, and 36,000 were sold for $2 each. The actual unit cost as follows: Direct materials $15.00 Direct labor 5.00 Variable overhead 4.00 Fixed overhead 15.00 Total unit cost $39.00 The selling expenses consisted of a commission of $1.20 per unit sold and advertising co-payments totaling $90,000. Administrative expenses, all fixed, equaled $180,000. There were no beginning and ending work in process inventories. Beginning finished goods inventory was $109,200 for 2,800 cases Required: 1. Calculate the number and the dollar value of cases in ending finished goods inventory Ending units Dollar amount 2. Prepare a cost of goods sold statement Kildeer Company Statement of Cost of Goods Sold For the Year Ended December 31 Previous Net 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 sold 3. Prepare an absorption costing income statement. In addition to dollar amounts, enter the amounts as a percent, rounded to two decimal placet. For example, 5235 would be 52.35% and you would enter 5235 as your answer. Kildeer Company Income Statement: Absorption Costing For the Year Ended December 31 Percent Less operating expenses F I