[Problem#1] A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $ 112 Units in beginning inventory Units produced 5,500 Units sold 5,300 Units in ending inventory 200 Variable costs per unit: direct material $ 33 direct labor $ 37 variable manufacturing overhead $ 5 variable selling and admin costs $6 Fixed costs: fixed manufacturing overhead $ 71,500 fixed selling and admin costs $ 79,500 Required: Please determine the net operating income for the month using absorption costing