A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

Selling price 112

Units in beginning inventory 0

Units produced 5,500

Units sold 5,300

Units in ending inventory 200

Variable costs per unit

Direct materials 33

Direct labor 37

Variable manufacturing overhead 5

Variable selling and admin 6

Fixed costs

Fixed manufacturing overhead 71,500

Fixed selling and admin 79,500

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

		$2,600
		$15,900
		$(1,700)
		$13,300