Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
|Units in beginning inventory||0|
|Units in ending inventory||400|
|Variable costs per unit:|
|Variable manufacturing overhead||$||8|
|Variable selling and administrative expense||$||12|
|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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