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The following data pertain to last year's operations at Tredder Corporation, a company that produces a single product: Units in beginning inventory 0 Units produced

The following data pertain to last year's operations at Tredder Corporation, a company that produces a single product:

Units in beginning inventory

0

Units produced

20,000

Units sold

19,000

Selling price per unit

$100.00

Variable costs per unit:

Direct materials

$12.00

Direct labor

$25.00

Variable manufacturing overhead

$3.00

Variable selling and administrative

$2.00

Fixed expenses per year:

Fixed manufacturing overhead

$500,000

Fixed selling and administrative

$600,000

What was the absorption costing net operating income last year?

12,000

57,000

27,000

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