Saved to my Mac Practice Set 3 (2) - Compatibility Mode Review View Tell me es Mailings 214 ABCDE ABCDE AalbCode AaBbCcDc Heading 1 Emphasis Normal List Paragraph y O Fringe Factory Fringe factory produces fun keychains and has reported the following data for August. Beginning inventory Units produced 105,000 Units sold 95,000 $8 Selling price per unit Variable manufacturing cost Variable non-manufacturing cost Fixed manufacturing cost Fixed non-manufacturing cost $1.40 $1.25 $210,000 $70,000 Absorption Costing Net Income $248,250 1) What is the product cost per unit using absorption costing? 2) What is the value of ending inventory using absorption costing? 3) What is the product cost per unit using variable costing 4) What is the value of ending Inventory using variable costing 5) What is net Income using variable costing (reconcile this from the absorption costing net income rather than making an income statement using variable costing) ed States O Fock