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Could i please get assistance with this question? During its first year of operations, the Mccormick Company incurred the following manufacturing costs: Direct materials, $5

Could i please get assistance with this question?

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During its first year of operations, the Mccormick Company incurred the following manufacturing costs: Direct materials, $5 per unit, Direct labor, $3 per unit, Variable overhead, $4 per unit, and Fixed overhead, $250,000. The company produced 25,000 units, and sold 20,000 units, leaving 5,000 units in inventory at year-end. Income calculated under variable costing is determined to be $315,000. How much income is reported under absorption costing? Multiple Choice O $365,000 O $315,000 O $290,000 O $565,000 O $265,000

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