Columbia Corporation produces a single product. The company's variable costing income statement for November appears below:

Columbia Corporation
Income Statement
For the Month ended November 30
Sales ($20 per unit)	$	854,000
Variable expenses:
Variable cost of goods sold		555,100
Variable selling expense		128,100
Total variable expenses		683,200
Contribution margin		170,800
Fixed expenses:
Manufacturing		105,570
Selling and administrative		35,190
Total fixed expenses		140,760
Net operating income	$	30,040

During November, 35,190 units were manufactured and 8,750 units were in beginning inventory. Variable production costs per unit, total fixed manufacturing expenses, and the number of units produced were the same in prior months.

Under absorption costing, for November the company would report a: