Nader, Inc. produces e-readers that it sells for $80 each. Costs involved in production are:

Direct material $11 per unit

Direct labor 15 per unit

Variable manufacturing overhead 12 per unit

Fixed manufacturing overhead per year $448,000

In addition, the company has selling and administrative costs:

Fixed selling costs per year $175,000

Fixed administrative costs per year 76,000

Variable selling and admin costs per year $6 per unit

During the year, Nader produced 28,000 readers and sold 29,400. Beginning inventory totaled 1,800 units. Assume the same unit costs in all years.

How much is Nader's net income using full costing?

		$420,000
		$338,000
		$360,400
		$337,000
		$400,000