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Help! I am desperate! I have been trying to figure this out for an hour and a half! 8. Franklin Company, which has only one

Help! I am desperate! I have been trying to figure this out for an hour and a half! image text in transcribed
8. Franklin Company, which has only one product, has provided the following data concerning its first month of operations: Selling price $200 Units produced Units sold 1,000 900 Variable product costs per unit $80 $20 Variable selling and administrative costs per unit Fixed manufacturing costs $36,000 13L Fixed selling and administrative costs $9,000 Required: a. What is the value of ending inventory using the variable costing method? b. What is the value of ending inventory using the absorption costing method? c. What is the contribution margin per unit? d. Prepare a variable costing income statement for the month using variable costing (assume no taxes). What is the gross profit margin per unit? Prepare an income statement for the month using absorption costing (assume no taxes). e. f

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