The Manaka Company had the data for its first three years of operation regarding its only product: Year 1 Year 2 Year 31 Total Units Produced Units Sold Unit Selling Price Unit Variable Manufacturing costs Fixed Manufacturing Overhead costs Unit Variable selling and admin costs Total Selling and admin costs Absorption Costing Operating Income 40,000 50,000 30,000 120,000 40,000 40,000 40,000 120,000 $30 $30 $30 $5 $5 $5 $600,000 $600,000 $600,000 $2 $2 $2 $300,000 $300,000 $300,000 ? $100,000 $220,000 Required: d)The manufacturing cost per unit of Year 3 beginning finished goods inventory was $17. Prepare an income statement for Year 3 under the Absorption Costing method.