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Elkhardt Manufacturing produces snow shovels. The selling price per snow shovel is $33.00. There is no beginning inventory. $5.00 5.00 Costs involved in production are: Direct material Direct labor Variable manufacturing overhead Total variable manufacturing costs per unit Fixed manufacturing overhead per year 4.00 $14.00 $155,150 In addition, the company has fixed selling and administrative costs of $154,600 per year. During the year, Elkhardt produces 53,500 snow shovels and sells 48,350 snow shovels. What is the value of ending inventory using full costing? Value of ending inventory $ What is the value of ending inventory using variable costing? Value of ending inventory $ e Textbook and Media Calculate the difference in full costing net income and variable costing net income without preparing either income statement. Difference in net income $ e Textbook and Media What is cost of goods sold using full costing? Cost of goods sold $ What is cost of goods sold using variable costing? Variable cost of goods sold $ e Textbook and Media What is net income using full costing? Net income e Textbook and Media What is net income using variable costing? Net income $ How much fixed manufacturing overhead is in ending inventory under full costing? Fixed manufacturing overhead in ending inventory $ The amount of fixed manufacturing overhead in ending inventory under full costing is the difference in net greater than less than equal to e Textbook and Media net income between full costing and variable costing

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