Incorrect Question 15 0/1 pts Use the following information for questions 14 & 15: Tom Nook Inc. is selling brand new island homes to customers of Dodo Airlines. Operating data for the company and its absorption costing income statements for the last two years are presented below. Monetary units have been converted from Bells to US Dollars. Year 1 Year 2 Units in beginning inventory: Units produced: Units sold: Year 1 Year 2 Sales: $350,000 $525,000 Cost of goods sold: 240,000 360,000 Gross margin: 110,000 165,000 Selling and administrative expenses: 60,000 80,000 Net operating income: $50,000 $85,000 For both years: Variable manufacturing costs are $4,000 per unit. Fixed manufacturing overhead was $100,000 in each year. This fixed manufacturing overhead was applied at a rate of $2,000 per unit. Variable selling and administrative expenses were $1 per unit sold. Compute the unit product cost in Year 1 under absorption costing