TB MC Qu. 19-83 (Static) During its first year of operations, the... During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials Direct labor Variable overhead Fixed overhead $5 per unit $ 3 per unit $ 4 per unit $ 250,000 per year The company produced 25,000 units, and sold 20,000 units, leaving 5,000 units in inventory at year-end. Income calculated under variable costing is determined to be $315,000. How much income is reported under absorption costing?

TB MC Qu. 19.83 (Static) During its first year of operations, the... During its first year of operations, the McCormick Company incurred the following manufacturing costs: The corripany produced 25,000 units, and sold 20,000 units, leaving 5,000 units in inventory at year-end income calculated under valable costing is determined to be $315.000 How much income is reported under absorption costing