During the first year of operations, the Mccormick Company incurred the following manufacturing costs: Direct Materials, $6 per unit, Direct Labor, $4 per unit, variable overhead, $5 per unit, and fixed overhead $220,000. The company produced 22,000 units, and sold 16,000 units, leaving 6,000 units in inventory at year- end. Income calculated under variable costing is determined to be $330,000. How much income is reported under absorption costing?

a. 330,000

b.270,000

c.550,000

d. 390,000