Lilac, LLC had the following amounts:

Direct materials $12 per unit

Direct Labor $14 per unit

Variable overhead $3 per unit

Fixed overhead $67,500 Variable selling expenses $4 per unit

Fixed selling and administrative expenses $112,000

67,500 units produced

59,500 units sold

Sales price per unit is $44 each

Calculate the Absorption product cost per unit and prepare a Multi-Step Income Statement under Absorption Costing in order to fill in the rest of the information.

Absorption product cost per unit

$ Total Sales in dollars

$ Gross Profit

$ Net Income $