Consider the following information for Narnia Co.: Selling price per unit Variable manufacturing cost per unit Variable selling and administrative cost per unit Fixed selling and administrative expense Beginning inventory last year Production last year Sales last year Production this year Sales this year Fixed manufacturing cost per unit last year $12.00 $6.50 $1.25 $150,000 0 units 240,000 units 233,500 units 200,000 units 203,000 units $2.00 1. Given that fixed manufacturing overhead in total has not changed from last year, what is this year's net operating income using absorption costing? a) $225,550 b) $228,150 c) $276,350 d) $306,750