Adamson, Inc. has the following cost data for Product X, and unit product cost using absorption costing when production is 2,000 units, 2,500 units, and 5,000 units. (Click on the icon to view the cost data.) (Click on the icon to view the unit product cost data.) Product X sells for $175 per unit. Assume no beginning inventories. Read the requirements. Begin by selecting the labels and computing the gross profit for scenario a. and then compute the gross profit for scenario b. and c Absorption costing Gross Profit Data table Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Print Done $41 per unit 57 per unit 7 per unit 20,000 per year - Reference Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total unit product cost 69 2,000 units 41 $ 2,500 units 5,000 units 41 $ 41 57 57 52 7 7 10 84 41 57 7 55 4 $ 115 $ 113 $ 109 Print Done - Cost of Goods Sold Direct Labor Direct Materials Fixed Manufacturing Overhead Net Sales Revenue Variable Manufacturing Overhead