Question 28 8 pts Horizon Manufacturing provides you with the following information for the most recent month of operations: 0 2,000 Units in beginning inventory Units produced Units sold Selling price Fixed Manufacturing cost Fixed Selling and Administrative cost Variable manufacturing costs Variable selling and administrative costs 1,600 $50 per unit $24,000 $10,000 $16 per unit $6 per unit Required: a. What is Horizon's reported income and cost of ending inventory under variable costing? b. What is Horizon's reported income and cost of ending inventory under absorption costing? Assume Horizon allocates cost using units produced. c. Reconcile the difference between Horizon's income under variable costing and absorption costing