ton 5 Peterson Corporation produces a single product. Data from the company's records for last year follow: Jet ered as out of 10 a question Units in beginning inventory. Units produced...... Units sold .......... 70,000 60,000 $1,400,000 Sales Manufacturing costs: Variable .... Fixed. Selling and administrative expenses: Variable ..... Fixed ....... $630,000 $315,000 $98,000 $140,000 Under variable costing, net operating income would be: Select one: a. $217,000 Ob $307,000 Oc$352,000 O d. $374,500