Boston Rides, Incorporated produces a single product. Data from the company's records for last year follow: Under variable costing, net operating income would be:

Select one:

a. $217,000

b. $307,000

c. $352,000

d. $374,500

Units in beginning inventory Units produced Units sold Sales Manufacturing costs: Variable Fixed.......................... Selling and administrative expenses: Variable Fixed 70,000 60,000 $1,400,000 $630,000 $315,000 $98,000 $140,000