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