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

During November, $35,320$ units were manufactured and $8,490$ 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. 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 $($$$18$ per unit$)$ $ $738,000$

Variable expenses:

Variable cost of goods sold $410,000$

Variable selling expense $123,000$

Total variable expenses $533,000$

Contribution margin $205,000$

Fixed expenses:

Manufacturing $141,280$

Selling and administrative $35,320$

Total fixed expenses $176,600$

Net operating income $ $28,400$

During November, $35,320$ units were manufactured and $8,490$ 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:

Multiple Choice

$$5,680$ loss

$$5,680$ profit

$$35,320$ profit

$$28,400$ profit