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Farris Corporation, which has only one product, has provided the following data concerning its most recent...

Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price $ 120
Units in beginning inventory 0
Units produced 9,050
Units sold 8,650
Units in ending inventory 400
Variable costs per unit:
Direct materials $ 20
Direct labor $ 62
Variable manufacturing overhead $ 8
Variable selling and administrative expense $ 12
Fixed costs:
Fixed manufacturing overhead $ 135,750
Fixed selling and administrative expense $ 9,000

What is the net operating income for the month under absorption costing?

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