Garcia Company Has No Beginning and Ending Inventories,and Reports the Following

Multiple Choice

Garcia Company has no beginning and ending inventories,and reports the following data about its only product:
$\begin{array}{ll}\text { Direct materials used } & \$ 270,000 \\\text { Direct labor } & \$ 180,000 \\\text { Fixed indirect manufacturing } & \$ 130,000 \\\text { Fixed selling and administrative } & \$ 150,000\\\text { Variable indirect manufacturing }&\$120,000\\\text { Variable selling and administrative }&\$60,000\\\text { Selling price(per unit) }&\$99\end{array}$
$\begin{array} { l } \text {Units produced and sold }&30,000 \\\end{array}$

Garcia Company uses the absorption approach to prepare the income statement.What is the operating income?

A) $2,060,000
B) $2,120,000
C) $2,240,000
D) $2,970,000