Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. 320 per unit 120,000 units 123,000 units 3,000 units $ 405,000 210,000 615,000 $ Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,000 units x $135) Fixed (3,000 units X $70) Total Manufacturing costs this year Direct materials Direct labor Overhead costs this year Variable overhead Fixed overhead Selling and administrative costs this year Variable Fixed 42 per unit 64 per unit $3,000,000 57,600,000 $1,450,000 4, 200,000 2. Prepare the current year income statement for the company using absorption costing