On January 1 of the current year, Townsend Co. commenced operations. It operated its plant at 100% of capacity during January. The following data summarized the results for January: Units Production Sales ($18 per unit) Inventory, January 31 50,000 42,000 8,000 Manufacturing costs: $575,000 80,000 $655,000 Variable Fixed Total Selling and administrative expenses: $35,000 10,500 $45,500 Variable Fixed Total