Flint Enterprises had the following cost and production information for April: 
Inventory increased by 4,000 units during April.What is Flint Enterprise's income under absorption costing?
Definitions:
Hedge Ratio
A ratio used to measure the amount of exposure reduced in an investment position through the use of a hedging strategy, often involving derivatives such as options or futures contracts.
Put
An options contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying security at a predetermined price within a specified time frame.
Black-Scholes Model
A mathematical model used for pricing European style options, taking into account the stock price, strike price, risk-free rate, time to expiration, and volatility.
Risk-Free Rate
The theoretical return on investment with no risk of financial loss, typically represented by the yield of government securities.
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