9.75% 23 J0002 * 25/30 Use the following information to answer questions 1 and 2: Consider the following information for Narnia Co.: Selling price per unit $12.00 Variable manufacturing cost per unit $6.50 Variable selling and administrative cost per unit $1.25 Fixed selling and administrative expense $150,000 Beginning inventory last year 0 units Production last year 240,000 units Sales last year 233.500 units Production this year 200,000 units Sales this year 203,000 units Fixed manufacturing cost per unit last year $2.00 1. Given that fixed manufacturing overhead in total has not changed from last year, what is this year's net operating income using absorption costing if Narnia uses FIFO costing? $228,150 d $225,550 $306,750 $276,350 117/30