Absorption-Costing Income Statement During the most recent year, Beyta Company had the following data: 10,000 8,800 $12 Units in beginning inventory Units produced Units sold ($60 per unit) Variable costs per unit: Direct materials Direct labor Variable overhead Fixed costs: Fixed overhead per unit produced Fixed selling and administrative $7 $5 $8 $138,000 Required: 1. Calculate the cost of goods sold under absorption costing. 2. Prepare an income statement using absorption costing. 2. Prepare an income statement using absorption costing. Beyta Company Income Statement under Absorption Costing For the Most Recent Year