Saved Help Save & Exit Check my Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold to a Canadian importer for $910. Selected data for the company's operations last year follow: 300 265 35 Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $ S 115 325 45 20 $ $72,000 $34,000 Chech An absorption costing income statement prepared by the company's accountant appears below: Sales Cost of goods sold $241,150 192,125 ats Gross margin Selling and administrative expense 49,025 39,300 eBook Net operating income $ 9,725 Hint Print References Required: 1. Determine how much of the ending inventory consists of fixed manufacturing overhead cost deferred in inventory to the next period. Total fixed manufacturing overhead in ending inventory 2. Prepare an income statement for the year using variable costina. MC Grow Graw HI e CEDITSII