Advanced Company reports the following information for the current year. All beginning inventory amounts equaled 50 this year. (Questions 16 - 20) Given Advanced Company's data, compute cost per unit of finished goods under variable costing $23.00 $21.88 $25.00 $20.00 Given Advanced Company's data, compute cost per unit of finished goods under absorption costing. $20.00 $23.00 $28.50 $34.17 Given Advanced Company's data, compute cost of finished goods in inventory under absorption costing. $427,500 $230,000 $712,500 $285,000 Given Advanced Company's data, compute cost of finished goods in inventory under variable costing. $712,500 $427,500 $230,000 $285,000 Given Advanced Company's data, and the knowledge that the product is sold for $50 per unit and operating expenses are $200,000, compute the net income under absorption costing. $122,500 $80,500 $67.500 $55,000