Columbia Corporation produces a single product. The company's variable costing income statement for November appears below: Columbia Corporation Income Statement For the Month ended November 30 Sales ($24 per unit) $988, 800 Variable expenses: Variable cost of goods sold 535,600 Variable selling expense 164,800 Total variable expenses 709, 490 Contribution margin 288,400 Fixed expenses: Manufacturing 140, 120 Selling and administrative 165, e9e Total fixed expenses 245, 210 Net operating income $ 43,190 During November. 35.030 units were manufactured and 8.690 units were in beginning inventory. Variable production costs per unit total fixed manu The value of the company's inventory on November 30 under absorption costing would be Multiple Choice $32760 $52.920 $42.840 O 557920 ugneve Salls 846000 % 20 (4.2300 and 35 960 +808 o 42300 t 1740 unos ar 549,900 7 42300 (13 8 107,880 8080 = T 3.3 1 24 1740 x 26 13 15 27