Columbia Corporation produces a single product. The company's variable costing income statement for November appears below: Manufacturing Selling and administrative Total fixed expenses Net operating income $ 145 During November, 35,000 units were manufactured and 8,000 units were in beginning inventory. Variable production costs have remained constant on a per unit basis over the past several months. Under absorption costing, for November the company would report a: $120,000 profit $125,000 profit $125,000 loss $145,000 profit ig November, 35,000 units were manufactured and 8,000 units were ginning inventory. Variable production costs have remained tant on a per unit basis over the past several months