Requirements method of inventory costing. The CFO will use your recommendation to prepare December 31, 2017: ended December 31, 2017 costing method? (click the icon to view the data) during the year. Also, assume no price, variance is written off to cost of goods sold in sold: priced As Klocka's senior financial analyst, you are asked to recommend a 1. Prepare of inventory costing. The CFO will use your 2017 ings er 31, 20 k the i Data Table ended December 31, 2017 oon the two methods the CFO? Why duced d Beginning inventory, January 1, 2017 91,000 units 36,000 units 382,000 units $23.50 per unit $520 per unit Ending inventory, December 31, 2017 2017 sales Selling price (to distributor) Variable manufacturing cost per unit, including direct materials Variable operating (marketing) cost per unit sold Fixed manufacturing costs Denominator-level machine-hours Standard production rate Fixed operating (marketing) costs $1.30 per unit sold 1,573,200 5,700 $ 1,030,000 Print Done m any list or enter any number in the input fields and then continue to the next question. low prepare the income statement under absorption costing for the year ended December 31, 201 e bottom portion. (Label any variances as favorable (F) or unfavorable (U).) Absorption costing Choose trom any list or enter any number in the input felds and then continue to the next q in are the same for units in beginning inventory and variance is written off to cost of goods sold in the month in which it occurs. XX%.) Operating income as % of revenues Requirement 4. Which costing method would you recommend to the CFO? Why