Hi-Tek Manufacturing, Inc, makes two types of industrial statement for the most recent period is shown component parts -the 8300 and the T500. An absorption costing income Hi-Tek Manufacturing Inc Income Statement Sales Cost of goods sold Gross margin selling and administrative expenses Net operating loss s 1,697, 300 1.237,895 68,205 6ee,880 S (139,795) Hi-Tek produced and sold 60100 units of B500 at a price of $20 per unit and 12,700 units of T500 at a price of $39 per unit. The dollars as the allocation base Additional information relating to the company's two product lines is shown below 8300 s 4e0, 3ee $ 162,400 s 120,6e 42,108 otal 62,780 162, 700 511,695 T500 Direct materials Direct labor Manufacturing overhead Cost of, goods sold