We manufacture and sell Dinner Tables. Manufacturing costs: Fixed overhead $300,000 Variable overhead $5 per table Direct labor $10 per table Direct materials $20 per table Beginning inventory 0 Tables Tables produced 100,000 Tables Sold 95,000 Selling and administrative costs: Fixed $500,000 Variable $15 Per table sold The table sells for $100 The company uses absorption costing, calculate the manufacturing cost per unit. Absorption Manufacturing Costs Per Table Direct Materials $20 Direct Labor 10 Variable Overhead 5 Fixed Overhead 300,000 Unit Product Cost $300,035

Create absorption costing income statement.