XYZ Company, reports the following Total costs at two levels of production Beginning Inventory = 0 Units Ending Inventory = 0 Units Selling Price Per Unit $90 1000 Units 2000 Units Cost Type Costs: Manufacturing Cost Direct Materials Period Cost Maintenance 0 Manufacturing Cost Direct Labor 1 Manufacturing Cost Indirect Material 12 Manufacturing Cost Depreciation 13 Period Cost Utilities 14 Period Cost Rent 15 20000 8000 17000 1000 4000 3000 6000 40000 10000 34000 2000 4000 5000 6000 Required: Prepare Absorption Income Statement for Production level of 4000 Units, Given that Beginning Inventory = 0 Units and Ending Inventory - 500 Units Answer 0 Title Total 21 Sales Revenue 22 23 Cost of Goods Sold 24 25 Gross Profit (Loss) 26 27 Selling And Aministrative Expenses 29 Net Operating Income 19 31 32 33 within m