Alltech Inc. has collected the following data. (There are no beginning inventories.) Units produced Sales price 530 units $140 per unit Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $17 per unit $10 per unit $7 per unit $18,200 per year Variable selling and administrative costs Fixed selling and administrative costs $5 per unit $17,300 per year What is the operating income using absorption costing if 500 units are sold? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) A. $19,200 B. $37,530 C. $16,030 D. $20,680