Alpha Company produces decorative lamps and sells them at $$101$ per unit. In the first month of operation, $1,880$ units were produced and $1,720$ units were sold. Actual fixed costs are the same as the amount budgeted for the month and the per unit administration cost for production is provided below. Other information for the month includes:

$$ Variable manufacturing costs$$ $$24\mathrm{.}73$ per unit

$$ Variable marketing costs$$ $$4\mathrm{.}24$ per unit

$$ Fixed manufacturing costs$$ $$11\mathrm{.}55$ per unit

$$ Administrative expenses, all fixed$$ $$8\mathrm{.}12$ per unit

$$Ending inventories:

$$ Direct materials$-0-$

$$ WIP$-0-$

$$ Finished goods$160$ units

Compute the operating income of the business in the first month of operation using the absorption costing method.