Problem 19-1A Variable costing income statement and conversion to absorption costing income (two consecutive years) LO P2, P3 The following information applies to the questions displayed below) Dowell Company produces a single product its income statements under absorption costing for its first tw years of operation follow 204 2015 820001,302.000 30000 630000 Sales (546 per unit) Cost of goods sold ($3t per unit 1,012,000$1,932,000 Gross margn Selling and administrative expenses 94,500 339,500 Net Income 35500 290.500 Additional Information Sales and production deta for these fist two yeas folo Unts produced Units sold 2000 32,000 22,000 42000 b. Verable cost per unn and total fixed costs are unchanged during 2014 and 2015. The company's $31 p unit product cost consists of the following s 6 Direct materials Direct labor Variable overhead Fsed overhead ($320,000/32,000 unins 10 Total product cost per unit $ 31