Mina Company produces a single product that sells for $19 per unit. Last year, there were no beginning inventories, 150,000 units were produced, and 130,000 units were sold. The company has the following cost structure: Fixed Costs Raw materials Direct labour Factory overhead Selling and administrative Variable Costs $4.00 per unit produced $3.00 per unit produced $2.00 per unit produced $2.75 per unit sold $320,000 190,000 What was the operating income under variable costing? $210,000 $432,500 $114,000 $330,000