During 2024 , its first year of operations, EIO Company produced 40,000 units and sold 25,000 units. During 2025, EIO Company produced 18,000 units and sold 11,000 units. The following information was taken from EIO's accounting records for 2024 and 2025: Assume the selling price of ABC Company's product was $68 per unit for both years. Calculate EIO Company's 2024 net income using absorption costing. During 2024 , its first year of operations, EIO Company produced 40,000 units and sold 25,000 units. During 2025, EIO Company produced 18,000 units and sold 11,000 units. The following information was taken from EI0's accounting records for 2024 and 2025: Assume the selling price of ABC Company's product was $68 per unit for both years. Calculate the dollar amount of EIO Company's finished goods inventory that would appear on the December 31, 2025 balance sheet using absorption costing. Assume EIO Company employs a FIFO inventory cost flow assumption