Royal Lawncare Company produces and sells two packaged products--Weedban and Greengrow. Revenue and cost information relating to the products follow: Last year the company produced and sold 40,000 units of Weedban and 23,500 units of Greengrow. its annual common fixed expenses are $103.000 Required: Prepare a contribution format income statement segmented by product lines. Siena Company incurs the following costs to produce and sell its enly product During this year, 28,500 units were produced and 24,500 units were sold. The Finished Goods inventory account at the end of this year shows a balance of $84,000 for the 4,000 unsold units. Required: 1.a. Calculate this year's ending balance in Finlshed Goods inventory two ways-using variable costing and using absorption costing 1.b. Does it appear that the company is using variable costing or absorption costing to assign costs to the 4,000 units in its Finished Goods irventory? 2. Assume that the company wishes to prepare this year's financial statements for its stockhoiders. a. Is Finished Goods inventory of $84.000 the correct amount to include on the balance sheet for external reporting purposes? b. What balance should be reported in the Finished Goods inventory account for external reporting purposes