Question

Petra, Inc. has collected the following data.​ (There are no beginning​ inventories.): Units produced 460460 units...

Petra, Inc. has collected the following data.​ (There are no beginning​ inventories.):

Units produced

460460

units

Units sold

460460

units

Sales price

$ 220$220

per unit

Direct materials

$ 30$30

per unit

Direct labor

$ 35$35

per unit

Variable manufacturing overhead

$ 10$10

per unit

Fixed manufacturing overhead

$ 22 comma 000$22,000

per year

Variable selling and administrative costs

$ 20$20

per unit

Fixed selling and administrative costs

$ 10 comma 000$10,000

per year

What is the operating income using absorption​ costing? (Round any intermediate calculations to the nearest cent and your final answer to the nearest​ dollar.)

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