Calculate the following using the FIFO inventory method (Round to the nearest cent): a. PATRIOTS income for January: Absorption Variable (Direct) Costing Costing 0$ 0 b. PATRIOTS income for February: Absorption Variable (Direct) Costing Costing 0 $ 0 Calculate the following using the LIFO inventory method (Round to the nearest cent): C. PATRIOTS income for January: Absorption Variable (Direct) Costing Costing 0$ d. PATRIOTS income for February: Absorption Variable (Direct) Costing Costing 0 $ $8 DEMONITIZED, INC. opened a small manufacturing firm on January 1, 20X1. Sales and Cost data for DEMONITIZED, INC. during the first two months of 20X1 are given below: January February Selling Price (per unit) $8 Fixed Costs (total) $20 $20 Variable Costs (per unit) $4 $3 Number of units produced 10 10 Number of units sold 7 12