TB MC Qu. 7-94 (Static) Columbia Corporation produces...

Columbia Corporation produces a single product. The company's variable costing income statement for November appears below:

Columbia Corporation
Income Statement
For the Month ended November 30
Sales ($30 per unit)	$1,200,000
Variable expenses:
Variable cost of goods sold	720,000
Variable selling expense	160,000
Total variable expenses	880,000
Contribution margin	320,000
Fixed expenses:
Manufacturing	140,000
Selling and administrative	35,000
Total fixed expenses	175,000
Net operating income	$ 145,000

During November, 35,000 units were manufactured and 8,000 units were in beginning inventory. Variable production costs per unit, total fixed manufacturing expenses, and the number of units produced were the same in prior months.

Under absorption costing, for November the company would report a: