During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials. 55 per unit. Direct labor. 53 per unit Variable overhead. 54 per unit and Fixed overhead, $290.000. The company produced 29.000 units, and sold 19.500 units, leaving 9500 units in inventory at year-end. Income calculated under variable costing is determined to be $365.000. How much income is reported under absorption costing? 5655.000 $270.000 5460,000 $365.000 5329.000