A B C D E F. G H | L M N O 1 Question 4 - 12 marks 2 3 Fyre Corporation manufactures product that sells for $60 per unit. The beginning inventory is zero. The following data are the costs for the year ended Dec 31, 2021: 4 5 Manufacturing Cost Total Cost Number of Units Produced Unit Cost 6 Variable $ 375,000 15,000 $ 25 7 Fixed $ 150,000 15,000 $ 10 8 Total $ 525,000 $ 35 9 10 Selling and admin expenses 11 Variable $ 60,000 12 Fixed $ 40,000 13 Total $ 100,000 14 15 Required 16 Prepare a variable costing income statement, in good form assuming that 12,000 units were sold. Ensure you include the cost flow details within the COGS section. (12 marks) 17 18 19 20 21 22 23 24