2 . During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, 84 per unit, Direct labor, $2 per unit, Variable overhead, 53 per unit, and Pored overhead, $160.000. The company produced 20,000 units, and sold 15,000 units, leaving 5,000 units in inventory at year-end. Income calculated under variable costing is determined to be $320,000. How much income is reported under absorption costing? O $320.000 O $280.000 5480,000 $360.000