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 of business. 310 per unit 115,000 units 118,500 units 3,500 units $ 455,000 262,500 $ 717,500 Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,500 units X $130) Fixed (3,500 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 $ 42 per unit $ 66 per unit $3,200,000 $7,400,000 $1,500,000 4,400,000 1. Prepare the current year income statement for the company using variable costing. OAK MART COMPANY Required information OAK MART COMPANY Variable Costing Income Statement Beginning inventory: Manufacturing costs this year