Information taken from Alcorn State University May accounting records follows.

Direct materials used			$150,000
Direct labor			80,000
Variable manufacturing overhead			30,000
Fixed manufacturing overhead			100,000
Variable selling and administrative costs			51,000
Fixed selling and administrative costs			60,000
Sales revenue			625,000

Required: A. Assuming the use of variable costing, compute the inventoriable costs for the month. B. Compute the month's inventoriable costs by using absorption costing. C. Assume that anticipated and actual production totaled 20,000 units, and that 18,000 units were sold during May. Determine the amount of fixed manufacturing overhead and fixed selling and administrative costs that would be expensed for the month under (1) variable costing and (2) absorption costing. D. Assume the same data as in requirement "C." Compute the contribution margin that would be reported on a variable-costing income statement.