2. (40 points) Callahan Company, which has only one product, has provided the following data concerning its first month of operations: Selling price $100 Units produced Units sold 6,000 5,500 Variable product costs per unit Variable selling and administrative costs per unit $50 $10 Fixed manufacturing costs Fixed selling and administrative costs S90,000 $55,000 uired: What is the value of ending inventory using the variable costing method? What is the value of ending inventory using the absorption costing method? What is the contribution margin per unit? 9 5 30 ,0 ) a. 45 , 0, d Prepare a variable costing income statement for the month using variable costing (assume no taxes) e. What is the gross profit margin per unit? 15. f. Prepare an income statement for the month using absorption costing (assume no taxes) Varialole costina Income State WeAT Varble COGM 90,0 ending Inu,3 ess: Sales 6o vnur