The Gable Company manufactures trendy, high-quality, moderately priced watches. As Gable's senior financial analyst, you are asked to recommend a method of inventory costing. The chief financial officer (CFO) will use your recommendation to prepare Gable's 2020 income statement. The following data are for the year ended December 31 , 2020 (Click the icon to view the data.) (Click the icon to view the assumptions.) Read the requirements. half of the income statement first, then complete the bottom portion. (Label any variances as favorable (F) or unfavorable (U).) Data table The Gable Company manufactures trendy, high-quality, moderately priced watches. As Gable's senior financial analyst, you are asked to recommend a method of inventory costing. The chief financial officer (CFO) will use your recommendation to prepare Gable's 2020 income statement. The following data are for the year ended December 31 , 2020 (Click the icon to view the data.) (Click the icon to view the assumptions.) Read the requirements. half of the income statement first, then complete the bottom portion. (Label any variances as favorable (F) or unfavorable (U).) Data table