The ABC manufactures blackboards for schools. Information for the fist two years of operations is as follows.Please provide process of calculation. I really appreciate your work.Questions are shown above

Question - (20 points) The ABC Co. manufactures blackboards for schools. Information for the first two years of operations is as follows: Year 2 Year 1 $50 per unit 3,000 Sale price 50 per unit 2,000 2,500 Production (in units) Sales (in units) Costs: Variable manufacturing Fixed manufacturing (for the year) Variable selling 2,500 $7 per unit $7 per unit $42,000 $10 per unit $42,000 $10 per unit Fixed selling (for the year)$20.000$20,000 ABC Co. had no beginning inventory of finished goods for year 1, REQUIRED: 1. Compute the product cost per unit for year 1 and year 2 under: a) Variable costing b) Absorption costing n costing Prepare income statement for both years based on variable costing 3. 4. 5. Prepare a numerical reconciliation of the difference in income reported under the two costing methods for year 1 Calculate the total of period costs under absorption costing for year 2 Calculate the total of period costs under variable costing for year 2 6