in 2016: Sales, 5,000 units @ $10 each Total production, 7,500 units Selling and administrative costs: Fixed $1,000 Variable $1 per unit Production costs per unit: Direct materials $2.00 Direct labor $2.00 Variable overhead $1.00 Fixed manufacturing overhead $7,500 Alpha Company uses direct (variable) costing. Use this information to determine for Alpha Company the FY 2016: (Round & enter final answers to: the nearest whole dollar for total dollar answers, nearest penny for unit costs or nearest whole number for units) 1. Contribution Margin 2. Net Income 3. Cost of Ending Inventory