Question: Bean - 2 - Bar Co . is a farming corporation that grows and sells cacao. The company is publicly traded on the stock market:

Bean-2-Bar Co. is a farming corporation that grows and sells cacao. The company is publicly traded on the stock market: however, management prefers to use variable costing for decision-making purposes. The company's books are adjusted to arrive at Absorption Income for financial reporting purposes. The company reported the following financial information for the past month:
Variable Net Income:
$2,000,000
5,000 truckloads of cacao
$500
$100
$200,000
The company tracks harvested crops that have not yet been shipped out as "inprocess." This inventory of cacao increased from the equivalent of 50 full truckloads at the beginning of the month to 70 full truckloads at the end of the month.
What was Absorption Net Income?
 Bean-2-Bar Co. is a farming corporation that grows and sells cacao.

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