Q 8.66: The following income statement was prepared for the Reels Department of Master's Fishing Gear. Sales (40,000 x $100) $ 4,000,000 Less: variable costs Beginning inventory $ Plus: variable manufactuing (50,000 $30) 1,500,000 Cost of goods available for sale 1,500,000 Less ending inventory (10,000 x $30) 300,000 Cost of goods sold 1,200,000 Variable selling and admin (40,000 x $10) 400,000 1,600,000 Contribution margin 2,400,000 Less: fixed costs Manufacturing $ 350,000 Selling and admin 125,000 475,000 Net income before tax $ 1,925,000 If production was 60,000 units for the month, the variable product cost per unit would be A $25.00 per unit. B $26.67 per unit. $30.00 per unit D $35.83 per unit