Haigwood Company has 80 units in Finished Goods Inventory at the beginning of the accounting period. During the accounting period, Haigwood produced 260 units and sold 340 units for $250 each. All units incurred $65 in variable manufacturing costs and $30 in fixed manufacturing costs. Haigwood also incurred $7,900 in Selling and Administrative Costs, all fixed. Calculate the operating income for the year using absorption costing and variable costing.

Absorption costing Variable costing Total product cost per unit Calculate the operating income for the year using absorption costing, Absorption costing Operating Income Calculate the operating income for the year using variable costing, Variable costing Operating Income