Required information Use the following information for the Exercise below. (Algo) [The following information applies to the questions displayed below] Barnes Company reports the following for its product for its first year of operations. Exercise 19-5 (Algo) Computing gross profit at different production levels LO P2 The company sells its product for $140 per unit. Compute gross profit using absorption costing assuming the company (a) produces and sells 2,800 units and (b) produces 3,500 units and sells 2,800 units