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) $ 952,600 Variable expenses: Variable cost of goods sold 606, 200 Variable selling expense 129,900 Total variable expenses 736,100 Contribution margin 216,500 Fixed expenses: Manufacturing 107,130 Selling and administrative 35, 710 Total fixed expenses 142,840 Net operating income $ 73,660 During November, 35,710 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. The value of the company's inventory on November 30 under absorption costing would be