A company has $25 per unit selling price, $7.00 per unit in variable production cost and $2.00 per unit in variable selling and administrative cost. The annual fixed production cost is $400,000. The annual fixed selling and administrative cost is $50,000. Complete the table below for each year. Assume a FIFO flow.

2016 2017 | 2018 2019 Units Produced 120,000 150,000 100,000 100,000 Units Sold 110,000 120,000 140,000 100,000 Cost per unit under variable costing Cost per unit under absorption costing Operating income under variable costing Operating income under absorption costing Ending inventory using variable costing ($) Ending inventory using absorption costing ($)