education.com Saved Help Save & Exit ! Required information [The following information applies to the questions displayed below.) Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year Units produced this year Units sold this year Direct materials Direct labor Variable overhead Fixed overhead 31,000 units 18,600 units $ 15 per unit $ 17 per unit $ 3 per unit $155,000 in total Given Advanced Company's data, and the knowledge that the product is sold for $62 per unit and operating expenses are $260.000, compute the net income under absorption costing. Multiple Choice $87,200