Question 21 10 pts On January 1 of the current year. Townsend Co. commenced operations. It operated its plantat 100% of capacity during January. The following data summarized the results for January Units Production 50,000 Sales ($18 per unit) (42.000) Inventory, January 31 8.000 Manufacturing costs: Variable $575,000 Fixed 80,000 Total $655.000 Variable $575.000 Fixed 80.000 Total $655.000 Selling and administrative expenses: Variable $ 35,000 Fixed 10.500 Total $ 45.500 What is operating income using absorption costing? 55,500 205,800 160,300 147,500