HP 19 6 Saved Help Save &Exit Submit Check my work 2 Dowell Company produces a single product. ts income statements under absorption costing for its first two years of operation follow. 2016 2017 Sales ($46 per unit) Cost of goods sold ($31 per unit) $1,104,000 $2,024,000 744,000 1,364.000 360,000 660,000 299,000344,000 $61,000 316,000 Part 2 of2 Gross margin Selling and adninistrative expenses Net income 3.75 points Skipped Additional Information a. Sales and production data for these first two years follow eBook Print Units produced Units sold 2016 2017 34,000 34,00 24,000 44,000 b. Variable cost per unit and total fixed costs are unchanged during 2016 and 2017. The company's $31 per unit product cost consists of the following. s 5 Direet nateriale Direct labor Variable overhead Pixed overhead (6340,000/34,000 unite) Total product cont per unit 10 $31