Directions: Your assignment this week is to answer the question below which has four parts. Please show your work for full credit and use the boxes provided. Please add more rows or columns to the box if needed.
1. MountainAir Company has the following selected data for the past year:
1b. Calculate the value of the ending inventory using absorption costing.
1c. Prepare an income statement for last year using variable costing.
d. Calculate the value of the ending inventory using variable costing.