Vero, Inc. began operations at the start of the current year, having a production target of 70,000 units. Actual production totaled 70,000 units, and the company sold 95% of its manufacturing output at $60 per unit. The following costs were incurred:

Manufacturing:
Direct materials used	$	260,000
Direct labor		410,000
Variable manufacturing overhead		380,000
Fixed manufacturing overhead		700,000
Selling and administrative:
Variable		190,000
Fixed		640,000

Required: A. Assuming the use of variable costing, compute the cost of Veros ending finished-goods inventory. B. Compute the company's contribution margin. Would Vero disclose the contribution margin on a variable-costing income statement or an absorption-costing income statement? C. Assuming the use of absorption costing, how much fixed selling and administrative cost would Vero include in the ending finished-goods inventory? D. Compute the company's gross margin.