Unit 4 Activity 1 Inventory Costing Problem 3 Jean Peck's Furniture's manufactures tables for the hospitality sector. Each table is sold for $300. In the month of January, it manufactures 3,000 tables and sells 2,250 tables. Actual fixed costs are the same as the amount budgeted for the month. The following information is provided for the month of January: Variable manufacturing costs Fixed manufacturing costs Fixed Administrative expenses $120 per unit $90,000 per month $25,000 per month The company also incurs a sales commission of $10 per unit. 1. What is cost of goods sold per unit when using absorption costing? 2. What is total gross profit when using absorption costing? 3. What is operating income when using absorption costing? 4. Use a shortcut calculation to determine operating income under variable costing