Required information [The following information applies to the questions displayed below] Oak Mart, a producer of solid oak tables, reports the following data from its second year 300 per unit 115,000 units 119,000 units 4,900 units $ Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (4,000 units x $135) Fixed (4,800 units X $75) 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 540,000 380,000 $ 840,000 42 per unit 60 per unit $3,400,000 $7,200,000 $1,450,000 4,400,000 2. Prepare the current-year income statement for the company using absorption costing. OAK MART COMPANY Absorption Costing Income Statement Beginning inventory Macacturing costs this year