Assume the following information for a company that produced and sold 10,000 units during Year 1. It also produced 15,000 units and sold 12,000 units during Year 2, while producing 12,000 units and selling 14,000 units in year 3. Selling price Direct materials Direct labor Variable manufacturing overhead Sales commission Fixed manufacturing overhead Fixed selling and administrative expense Per Unit Per Year $240 $ 85 $ 60 $ 10 $ 11 $450,000 $250,000 Year 3 under absorption If the company uses a LIFO inventory flow assumption (LIFO means last-in first-out and assumes the newest units in inventory are sold first), what is the net operating income costing? Multiple Choice $276,000 O $267,000 O o $261,000 $283,500