webb will report net income of $________ on his income statement if he uses absorption costing.

Webb's Widget Emporium had the following information available in their first year of production: Units Produced 25,000 Units Sold 10,000 Sales Price $280 per unit Direct Materials $90 per unit Direct Labor $20 per unit $10 per unit Variable Factory Overhead Fixed Factory Overhead $150,000 for the period $50 per unit Variable Selling & Administrative Costs Fixed Selling & Administrative Costs $100,000 for the period Webb will report net income of $. on his income statement if he uses absorption costing