Variable Costing, Value of Ending Inventory, Operating Income Pattison Products, Inc., began operations in October and manufactured 49,000 units during the month with the following unit costs: Direct materials $4.40 Direct labor 2.40 Variable overhead 1.20 Fixed overhead" 6.40 Variable marketing cost 0.90 * Fixed overhead per unit = $313,600 / 49,000 units produced = $6.40 Total fixed factory overhead is $313,600 per month. During October, 47,900 units were sold at a price of $23.5, and fixed marketing and administrative expenses were $122,000. > Required: 1. Calculate the cost of each unit using variable costing. Round your final answer to the nearest cent. 2. How many units remain in ending inventory? What is the cost of ending inventory using variable costing? $- 3. Prepare a variable-costing income statement for Pattison Products, Inc., for the month of October. Pattison Products, Inc. Variable-Costing Income Statement For the Month of October Sales 1,125,650 Less: Variable cost of goods sold 383,200 Variable marketing expense 43,110 Contribution margin 699,340 Less: Fixed factory overhead 313,600 Fixed marketing and administrative expenses 122,000 Operating income 263,740 Feedback Check My Work 4. What if November production was 49,000 units, costs were stable, and sales were 50,000 units? What is the cost of ending inventory? If an amount is zero, enter "0". 800 V What is operating income for November? $ 292,940 X