O Question 18 Last year, Fabre Company produced 20,000 units and sold 18,000 units at a price of $12. Costs for last year were as follows: Direct materials Direct labor Variable factory overhead Fixed factory overhead Variable selling expense Fixed selling expense Fixed administrative expense O $3,300 $2,500 O $5,000 O $3,720 $25,000 $7,200 35,000 12,000 Assuming that beginning inventory was zero, what is the value of ending inventory under variable costing? 37,000 9,000 7,500 15,500 8 pts

Last year, Fabre Company produced 20,000 units and sold 18,000 units at a price of $12. Costs for last year were as follows: Assuming that beginning inventory was zero, what is the value of ending inventory under variable costing? 53,300 $2,500 55,000 $3,720 $7,200