The gamelans are sold for $$910.$ Selected data for the company$$s operations last year follow:

Units in beginning inventory $0$

Units produced $300$

Units sold $270$

Units in ending inventory $30$

Variable costs per unit:

Direct materials $$140$

Direct labor $ $350$

Variable manufacturing overhead $ $35$

Variable selling and administrative $ $15$

Fixed costs:

Fixed manufacturing overhead $ $69,000$

Fixed selling and administrative $ $26,000$

The absorption costing income statement prepared by the company$$s accountant for last year appears below:

Sales $ $245,700$

Cost of goods sold $203,850$

Gross margin $41,850$

Selling and administrative expense $30,050$

Net operating income $ $11,800$

Answer these two below:

$1.$ Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year?

$2.$ Prepare an income statement for last year using variable costing.