4 Required information Exercise 19-7 Income reporting under absorption costing and variable costing LO P2 (The folowing information applies to the questions displayed below) Oak Mart, a producer of solid oak tables,reports the following data from its second year of Part 2 of 2 214 Sales price per uni Units produced this year nits sold this year Units in beginning-year inventory Beginaing inventory cots 115,000 units 118,750 units ,750 units 506 250 Variable (3.750 units$135) Fixed 13,750 unLts $75) 787,500 Manufacturing coats this year 40 per unit 2 per unit pirect materials Orerhesd eosts this year 3,600,000 7,600,030 ing and administrative costs 1,340,000 Exercise 19-7 Part 2 8 command opltion