Question & Answer: Hello, Can someone help me with this problem?…..

14.28 points ated in the vilage of Gianyar on the isiand of Bali 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 for 5970 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. 200 180 20 Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative S130 S 300 $ 1 1 30 15 Fixed costs Fixed selling and adrministrative S63,000 S 25,000 The absorption costing income statement prepared by the company’s accountant for last year appears below Sales Cost of goods sold 174.600 139 500 Gross margin Selling and administrative expense 35.100 27.700 $ 7.400 Net operating income Required: 1. Determine how much of the ending inventory consists of fixed manufacturing overhead cost deferred in inventomy to the next period èrhead in ending Total f S315 ma ry 2 Prepare an iricome statement for the year using variable costing Ida Sidha Karya Company Variable Costing Income Statement