1. Consider the following statements: i. Only variable manufacturing costs are capitalized into the cost of work-in-process and finished goods inventories under variable costing. ii. Only variable manufacturing and selling costs are capitalized into the cost of work-in- process and finished goods inventories under variable costing. iii. Only full manufacturing costs are capitalized into the cost of work-in-process and finished goods inventories under absorption costing. Which statement(s) is(are) true? a. i. only. b. i. and ii. (3) c. i. and iii. d. ii. only. e. None ofthe above. The correct answer or combination of answers is