Use the following data for the next seven questions: Variable production costs $480,000 Variable S and A costs $ 55,000 Fixed S and A costs $100,000 Fixed production costs $270,000 Unit sales price $8 Production in units 120,000 Sales in units 110,000 14. Under variable costing, the production cost per unit is: A. $2.25 B. $6.25 C. $4.36 D. $4.00 15. Under full costing, the value of the ending inventory is: A. $80,000. B. $62,500. C. $40,000. D. $210,000. 16. Under full costing, net income (loss) is: A. $37,500 B. $15,000 C. $(25,000) D. None of the above. 17. Under variable costing, the contribution margin is: A. $192,000 B. $345,000 C. $385,000 D. $400,000 18. Under full costing, the amount of deferred overhead is: A. $0 B. $22,500 C. $270,000 D. None of the above. 19. Under variable costing, total period costs are: A. $155,000 B. $177,500 C. $425,000 D. $370,000 20. Under full costing, cost of goods sold is: A. $400,000 B. $495,000 C. $440,000 D. $687,500 21. When full costing net income equals variable costing net income, then: A. production equals sales. B. production is greater than sales. C. production is less than sales. D. None of the above