Vero, Inc. began operations at the start of the current year, having a production target of 65,000 units. Actual production totaled 65,000 units, and the company sold 95% of its manufacturing output at $55 per unit. The following costs were incurred: Manufacturing: Direct materials used Direct labor Variable manufacturing overhead Fixed manufacturing overhead Selling and administrative: Variable Fixed $250,000 485,000 370,000 780,000 185,000 635,000 Required: A. Assuming the use of variable costing, compute the cost of Vero's 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. a 635. Required: A. Assuming the use of variable costing, compute the cost of Vero's 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 A Ending finished goods inventory B. Contribution margin C Freed selling and administrative cost D. Gross margin