Flint Enterprises had the following cost and production information for May: Units Produced 25,000Unit Sales Price$300Manufacturing Cost Per Unit Direct Material$40Direct Labor$25Variable Manufacturing Overhead$10Fixed Manufacturing Overhead$400,000Nonmanufacturing Costs Variable Selling Expenses$80,000Fixed General and Administrative Costs$75,000Inventory increased by 2,000 units during May. What is Flint Enterprise's income under absorption costing?
A. $5,070,000
B. $5,132,000
C. $4,652,000
D. $4,620,000
Answer: C
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