deanne company produces a single product the company s variable costing income sta 384419

DeAnne Company produces a single product. The company’s variable costing income statement for August appears below: DeAnne Company Income Staement For the month ended August 31 Sales ($23 per unit) $ 933,800 Variable expenses: Variable cost of goods sold 609,000 Variable selling expense 121,800 Total variable expenses 730,800 Contribution margin 203,000 Fixed expenses: Fixed manufacturing 142,000 Fixed selling and administrative 35,500 Total fixed expenses 177,500 Net operating income $ 25,500 The company produced 35,500 units in August and the beginning inventory consisted of 8,670 units. Variable production costs per unit and total fixed costs have remained constant over the past several months. Under absorption costing, the ending inventory for the month ended August 31 would be reported at: $53,550 $78,540 $67,830 $83,540