Belle Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year Units sold this year 80,000 units 48,000 units $24 per unit $26 per unit $ 3 per unit $ 600,000 in total Direct materials Direct labor Variable overhead Fixed overhead Belle Company's product is sold for $80 per unit. Variable selling and administrative expense is $2 per unit and fixed selling and administrative is $320,000 per year. Compute the net income under absorption costing.

Belle Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year Belle Company's product is sold for $80 per unit. Variable selling and administrative expense is $2 per unit and fixed selling and administrative is $320,000 per year. Compute the net income under absorption costing