Contribution margin 288,400 Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative 140,120 105,090 Total fixed expenses 245,210 Net operating Income $ 43,190 The company produced 35,030 units in August and the beginning inventory consisted of 8,690 units. Variable production costs per unit and total fixed costs have remained constant over the past several months. The value of the company's inventory on August 31 under absorption costing would be: Multiple Choice $57,920 Prey Next > 1 of 10 Contribution margin 288,400 Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative 140,120 105,090 Total fixed expenses 245,210 Net operating Income $ 43,190 The company produced 35,030 units in August and the beginning inventory consisted of 8,690 units. Variable production costs per unit and total fixed costs have remained constant over the past several months. The value of the company's inventory on August 31 under absorption costing would be: Multiple Choice $57,920 Prey Next > 1 of 10