Problem 5-1 Richetti Electronics produces a wireless home lighting device that allows consumers to turn on home lights from their cars and light a path into and through their homes. Information on the first three years of business is as follows: Total 72,000 72,000 Units sold Units produced Fixed production costs Variable production costs per unit Selling price per unit Fixed selling and administrative expense 2017 24,000 24,000 $1,020,000 $157 $237 $226,800 2018 24,000 30,000 $1,020,000 $157 $237 $226,800 2019 24,000 18,000 $1,020,000 $157 $237 $226,800 Calculate profit and the value of ending inventory for each year using full costing. (Round cost per unit to 2 decimal places, e.g. and final answers to o decimal places, e.g. 125.) 2017 2018 2019 Net profit Ending inventory s LINK TO TEXT LINK TO TEXT Calculate profit and the value of ending inventory for each year using variable costing. 2017 2018 2019 Net profit Ending inventory s Click if you would like to Show Work for this question: Open Show Work xro