need help with both requirements 1 and 2

Exercise 6-2 (Static) Variable Costing Income Statement; Explanation of Difference in Net Operating Income (L06-2) Book 0 Hint 250 225 Print 25 Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $850. Selected data for the company's operations last year follow: Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Pixed selling and administrative $ 20,000 The absorption costing income statement prepared by the company's accountant for last year appears below: erences $ 100 $ 320 $ 40 $ 20 $ 60,000 Sales cost of goods sold Gross margin Selling and administrative expense Net operating income $ 191,250 157,500 33, 750 24,500 $ 9,250 Required: 1. Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. Prepare an income statement for last year using variable costing