?Watson, Inc. has collected the following data for the current? year
Beginning Finished Goods Inventory 70 units
Units produced 590 units
Units sold 660 units
Sales price $180 per unit
Direct materials $22 per unit
Direct labor $ 10 per unit
Variable manufacturing overhead $ 19 per unit
Fixed manufacturing overhead $ 13,100 per year
Variable selling and administrative costs $4 per unit
Fixed selling and administrative costs $12,500 per year
The beginning Finished Goods Inventory costs were $3,400 under absorption costing and $2,000 under variable costing.
What is the operating income using absorption? costing? (Round any intermediate calculations to the nearest? cent, and your final answer to the nearest? dollar.)
A) $57,072
B) $3,400
C) $72,212
D) $69,572
Can anyone help me solve this? Thanks!
A) $57,072
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