A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: S 117 2,900 2,500 400 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 expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense 32 45 2 9 S 43,500 $ 15,000 The total gross margin for the month under absorption costing is: Question 2 (2.5 points) A company that produces a single product had a net operating income of $65,000 using variable costing and a net operating income of $95,000 using absorption costing. Total fixed manufacturing overhead was $60,000 and production was 10,000 units. This year was the first year of operations. Between the beginning and the end of the year, the inventory level: decreased by 5,000 units increased by 30,000 units decreased by 30,000 units increased by 5,000 units