Jean Peck's Furniture manufactures tables for hospitality sector. It takes only bulk orders and each table is sold for $600 after negotiations. In the month of January, it manufactures 3,200 tables and sells 2,600 tables. Actual fixed costs are the same as the amount of fixed costs budgeted for the month. Budgeted production is equal to actual production, and there is no production-volume variance.

The following information is provided for the month of January:

Variable manufacturing costs

$120 per unit

Fixed manufacturing costs

$95,000 per month

Fixed Administrative expenses

$27,000 per month

At the end of the month Jean Peck's Furniture has an ending inventory of finished goods of 600 units. The company also incurs a sales commission of $13 per unit.

What

is the operating income when using absorption costing? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)

A.

$1,137,006

B.

$1,170,806

C.

$1,110,006

D.

$1,143,800