CWUIR G 2. Prepare the current year income statement for the company using absorption costing. Part 2 of 3 OAK MART COMPANY Absorption Costing Income Statement 10 points Beginning inventory Manufacturing costs this year eBook Hint Print References Next > ldprer 19 Homework Required information 2 of 3 took Net income (loss) lint ences Fixed costs added to(subtracted from) inventory el 19 Homework a Oak Mart, a producer of solid oak tables, reports the following data from its second year of business of 3 300 per Sales price per unit Units produced this year unit Units sold this year 120,000 units Units in beginning-year inventory 123,250 units Beginning inventory costs 3,250 units Variable (3,250 units * $135) $ 438,750 Fixed (3,250 units x $80) 260,000 Total $ 698,750 Manufacturing costs this year Direct materials unit Direct labor unit Overhead costs this year $3,000,000 Variable overhead $7,600,000 Fixed overhead Selling and administrative costs this year $1,400,000 Variable 4,600,000 Fixed 50 per 64 per con Next >