Question 24 Obama Company sells its product for $27 per unit. During 2020, it produced 23500 units and sold 16000 units (there was no beginning inventory). Costs per unit are: direct materials $8, direct labour $7, and variable overhead $6. Fixed costs are: $376000 manufacturing overhead, and $58750 selling and administrative expenses. Ending inventory under variable costing is O $157500. $493500 O $533500. O $592250