3e8 This Qu 14.28 points During Heaton Company's first two years of operations, the company reported absorpion costing net operating income as follows: $ 976,000 $1,586,000 496,000 806,000 Sales (@$61 per unit) Cost of goods sold (@$31 per unit) Gross margin Selling and administrative expenses 480,000 298,000 780,000 328,000 Net operating income S 182,000 S 452,000 $3 per unit variable; $250,000 fixed each year The company's $31 unit product cost is computed as follows: Direct materials Direct labor Variable manufacturing overhead Foxed manufacturing overhead ($252,000 21,000 units)1 Absorption costing unit product cost s 31 29 F2 od Fa F6 4