1 Panther Corporation which has only one product has provided the following data concerning its most recent month of operations: Selling price 5138 Units in beginning inventory 500 Units produced 4.000 Units sold 4.100 Unitsin ending inventory 300 Variable costs per unit Direct materials 531 Director 3:59 Variable manutacturing overhead 5.3 Variable selling and administrative 3 expense Fixed costs Fixed manufacturing overhead 5 92.000 Fored selling and administrative expense 5 47.300 The company produces the same number of units every month, although the sales in units vary from month to month The company warble costs per unit and total costs have been constant from month to month Required a. What is net operating income under absorption costing