The Eco Refrigerator Company produces and sells one product: a portable refrigerator. The following data refer to the year just completed:

Beginning inventory Units produced 25,000 Units sold 20,000 Sales price per unit $400 Selling and administrative expenses: Variable per unit $15 Fixed (total) $275.000 Manufacturing costs: Direct materials cost per unit $200 Direct labour cost per unit $50 Variable overhead cost per unit $30 Fixed overhead (total) $300,000