Fordham Inc. began operations on January 1, 2021 and incurred the following costs for the production of 10,000 units:

Variable mfg. / unit $9

Fixed mfg. overhead $60,000

Variable selling and admin. / unit $2

Fixed selling and admin. $220,000

Each unit sells for $45 and 8,500 units were sold.

Compute net income (loss) using absorption costing.

Question 19 options

	$18,000
	$15,000
	$(7,500)
	$9,000