DeAnne Company produces a single product. The company's variable costing income statement for the month August appears below: De Anne Company Income Statement For the month ending August 31 Sales ($21 per unit) $905,100 Variable expenses: Variable cost of goods sold 560,300 Variable selling expense 129,300 Total variable expenses 689,600 Contribution margin 215,500 Fixed expenses: Fixed manufacturing 141,640 Fixed selling and administrative 35,410 Total fixed expenses 177,050 Net operating income $ 38,450 The company produced 35,410 units in August and the beginning inventory consisted of 8,520 units. Variable production costs per unit and total fixed costs have remained constant over the past several months. Under absorption costing, for August the company would report a: