A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
Selling Price ....................................... $139
Units in beginning inventory ................. 0
Units produced ................................... 6700
Units sold .......................................... 6400
Units in ending inventory ...................... 300
Variable costs per unit:
Direct materials ................................... $43
Direct Labor ........................................ $35
Variable manufacturing overhead ...............$5
Variable selling and administrative .............. $6
Fixed costs:
Fixed manufacturing overhead ................. $227,800
Fixed selling and administrative ................... 83,200
What is the net operating income for the month under absorption costing?