During its first year of operations, the McCormick Company incurred the following manufacturing costs:

$\backslash$table$[[$Direct materials,$$4$ per unit$],[$Direct labor,$$3$ per unit$],[$Variable overhead,$$3$ per unit$],[$Fixed overhead,$$342,000$ per year$]]$

The company produced $38,000$ units, and sold $29,500$ units, leaving $8,500$ units in inventory at year$-$end. Income calculated under variable costing is determined to be $$410,000.$ How much income is reported under absorption costing?

Multiple Choice

$$752,000$

$$486,500$

$$401,000$

$$333,500$