during the 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 fixed overhead $200,000$ per year the company produced $25,000$ units and sold $17,500$ units I$\text{'}$m leaving $7,500$ units in the inventory at year end

income calculated under variable costing is determined to be $$344,000.$ how much income is reported under absorption costing?