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 ($22 per unit) $932,800 Variable expenses: Variable cost of goods sold 593,600 Variable selling expense 127,200 Total variable expenses 720,800 Contribution margin 212,000 Fixed expenses: Manufacturing 105,180 Selling and administrative 70,120 Total fixed expenses 175,300 Net operating income $ 36,700 During November, 35,060 units were manufactured and 8,360 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