DeVry UniversityACCT346 Weekly AssignmentWeek 41. MountainAir Company has the following selected data for the past year:Units sold during year30,000Units produced during year45,000Units in ending inventory15,000Variable manufacturing cost per unit$4.50 Fixed manufacturing overhead (in total)$20,250 Selling price per unit$12.00 Variable selling and administrative expense per unit$1.00 Fixed selling and administrative expenses (in total)$4,000 There were no units in beginning inventory.Required:1a. Prepare an income statement for last year using absorption costing.1b. Calculate the value of the ending inventory using absorption costing.Directions: Your assignment this week is to answer the question below which has four parts. Please show your worPlease add more rows or columns to the box if needed.