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Use the following information to answer the questions: Selling price $15.00 per unit sold Direct material $2.50 per unit produced Direct labor $3.00 per unit

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Use the following information to answer the questions: Selling price $15.00 per unit sold Direct material $2.50 per unit produced Direct labor $3.00 per unit produced Var MOH $2.00 per unit produced $75,000 Fixed S&A $30,000 Units produced 22,000 20,000 There were no beginning inventories. Required: A. Calculate the net income and cost of the ending inventory using the variable costing method. ( points) B. Calculate the net income and cost of the ending inventory using the absorption costing method. (5 points)

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