Question 8 (of 8) 8. Tek Manufacturing Inc. makes two types of industrial component parts- -the B300 and the T500. An absorption costing income statement for the most recent period is shown below: Hi-Tek Manufacturing Inc. Income Statement Sales Cost of goods sold $1,772,200 1.232,664 Gross margin Selling and administrative expenses 539,536 570,000 Net operating loss s (30,464) Hi-Tek produced and sold 60,200 units of 8300 at a price of $21 per unit and 12.700 units of T500 at a nrice nf SAn nor unit The comnanv'e traditinnal roet evetam allocates manufacturing overhead to products allocation base. Additional information