QUESTION ANSWER $1,500 Jones Company incurred the following costs while producing 100 chairs: Units produced 100 chairs $1,200 Direct materials $10 per unit Direct labor 15 per unit OOOOO $625 Variable manufacturing overhead 3 per unit Total fixed manufacturing overhead 2,000 Variable selling and administrative 4 per unit $700 Fixed selling and administrative 3,000 I DON'T KNOW YET What is the ending balance in Finished Goods Inventory using variable costing if 75 units are sold (assume no beginning inventory in Finished Goods Inventory)