XYZ Company, reports the following Total costs at two levels of production Selling Price Per Unit $145 1000 Units 2000 Units Cost Type Manufacturing Cost Period Cost Costs: Direct Materials 30000 60000 Maintenance 12000 15000 Manufacturing Cost Direct Labor 25500 51000 Manufacturing Cost Indirect Material 1500 3000 Manufacturing Cost Depreciation 6000 6000 Period Cost Utilities 4500 7500 Period Cost Rent 9000 9000 Required: Prepare Absorption Income Statement for Production Level of 5000 Units, Given that Beginning Inventory =0 Units and Ending Inventory 1000 Units Answer Title Sales Revenue Cost of Goods Sold Gross Profit (Loss) Selling And Aministrative Expenses Net Operating Income Total