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Lamopole Inc. sells its products for $95 each. The current production level is 90,000 units,...

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Accounting

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Lamopole Inc. sells its products for $95 each. The current production level is 90,000 units, although only 57,000 units are anticipated to be sold. The following information was presented by the company in 2020: Unit manufacturing costs are: Direct materials Direct manufacturing labor Variable manufacturing costs $7 $9 $15 Total fixed manufacturing costs $378,000 Marketing expenses Marketing expenses $12 per unit $115,000 per year Required: Using the information, prepare an income statement using absorption costing. What is Lamopole Inc's operating income (loss) for 2020? O $340,000 O $118,300 O $3,400,000 O $2,609,600

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