A manufacturing company that produces a single product has provided the following data concerning its most recent month of oper Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative The total contribution margin for the month under variable costing is: Multiple Choice $89 0 4,550 4,250 300 $18 $30 $6 $10 $81,900 $25,000

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.