QUESTION 21 Glamo sells earbuds that can be recharged based on the energy the user produces from walking. They sell their earbuds at a price of $3,000 each. Their fixed costs are $80,000 and the contribution margin ratio is 40%. What is their profit if they sell 100 earbuds? $220,000 $120,000 $32,000 $40,000 QUESTION 22 When the weighted average method of process costing is used, a department's equivalent units of production are computed by Subtracting the equivalent units in beginning inventory from the equivalent units in ending inventory Subtracting the equivalent units in beginning inventory from the equivalent units for work performed during the period. Adding the fully completed units transferred out to the equivalent units in ending inventory. Subtracting the equivalent units in beginning inventory from the sum of the units transferred out and equivalent units in ending inventory LECTION