The Rocktown Beverage Company experienced the following costs in 2007 (assume the same unit costs in all years): Direct materials $4.85/unit Direct labor $2.10/unit Manufacturing Overhead Costs Variable $2.25/unit Fixed $75,075 Selling & Administrative Costs Variable selling $.95/unit Fixed selling $8,000 Fixed administrative $2,000 There were 6,000 units in beginning inventory. During the year the company manufactured 45,500 units and sold 48,000 units. If net income using variable costing was $82,500, what is net income using full costing? Answer $78,375 $86,625 $76,725 $88,275