Scavenger Company, a manufacturer of recycling bins, began operations on January 1 of the current year. During this time, the company produced 60,000 units and sold 55,000 units at a sales price of $15 per unit. Cost information for this year is shown in the following table: Direct materials $ 2.50 per unit Direct labor $ 3.00 per unit Variable overhead $ 0.75 per unit Fixed overhead $ 240,000 in total Variable selling and administrative $ 10,000 in total Fixed selling and administrative $ 50,000 in tota