Units in beginning Inventory -

Units Produced -- $12,000

Units Sold -- $10,500

Sales prince per unit-- $22.00

Variable cost per unit:

Direct materials--- $7.00

Direct Labor--- $4.00

Manufacturing overhead--- $2.00

Selling & Administrative--- $1.00

Fixed Cost in Total:

Manufacturing overhead--- $36,000.00

Selling & Administrative---- $50,000.00

Calculate the net operating income for the company, using absorption costing and variable costing.