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Sol Enterprises contribution income statement utilizing variable costing appears below: Sol Enterprises Income Statement For the Year ended December 31, 2020 $240,000 Sales ($12 per
Sol Enterprises contribution income statement utilizing variable costing appears below: Sol Enterprises Income Statement For the Year ended December 31, 2020 $240,000 Sales ($12 per unit) Less variable costs: $100,000 18,000 118,000 122,000 Cost of goods sold Selling & administrative costs Contribution margin Less fixed costs: Manufacturing overhead Selling & administrative costs 60.900 15,000 75,900 Net income $ 46,100 Sol produced 21,000 units during the year. Variable costs per unit and fixed production costs have remained constant the entire year. There were no beginning inventories. How much is the dollar value of the ending inventory using variable costing? 006'Z$ 008'8$ 0 006ZS O 000S$
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