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Wood Products Inc. has provided the following data for the previous year: Units sold during the previous year 12,000 units Selling price per unit $125

Wood Products Inc. has provided the following data for the previous year:

Units sold during the previous year 12,000 units
Selling price per unit $125
Direct materials per unit $25
Direct manufacturing labor per unit $20
Variable manufacturing overhead per unit $40
Fixed manufacturing costs $150,000
Budgeted production at the beginning of the year 15,000 units
Variable marketing cost per unit $5
Fixed marketing cost $25,000
Number of units in opening inventory 0
Number of units in ending inventory

3,000 units

What was the profit of Wood Products Inc. for the previous year if the method of inventory costing adopted was absorption costing?

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