Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price $ 90 Units in beginning inventory 0 Units produced 3,400 Units sold 3,000 Units in ending inventory 400

Variable costs per unit: Direct materials $ 21 Direct labor $ 38 Variable manufacturing overhead $ 6 Variable selling and administrative expense $ 4 Fixed costs: Fixed manufacturing overhead $ 54,400 Fixed selling and administrative expense $ 3,000

What is the net operating income for the month under absorption costing? $5,600 $6,400 $(20,400) $12,000