Selling price per unit 67 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials 510 Direct labor 55 Variable manufacturing overhead 53 Fixed manufacturing overhead per year 5252,000 Selling and administrative expenses: Variable selling and administrative expense per unit sold Fixed selling and administrative expense per year 5 65,000 Units in beginning inventory Year 1 Year 2 Units produced during the year 9,0007,000 Units sold during the year 8,0007,000 Units in ending inventory 1,0001,000 The net operating income (loss) under absorption costing in Year 2 is closest to