Use the following information to answer questions 11 - 14: Given for Jenkins Company for its first year of operation: Units produced Sales (30,000 units) 40,000 units $825,000 Variable costs incurred: Manufacturing Selling and administrative $9.00 per unit produced $3.00 per unit sold Fixed costs incurred: Manufacturing Selling and administrative $200,000 $75,000 11. Using absorption costing, what would finished goods inventory be at the end of the year? (Answer in dollars and not units) 12. Using absorption costing, what would net operating income for the year be? 13. Using variable costing, what would net operating income for the year be? 14. Assume that during the second year of operation, Jenkins produced 40,000 units and sold 50.000 units. Net operating income for the second year using absorption costing would be net operating income using variable costing a greater than b. less than c. equal to