Xenoc produces stereo speakers. The selling price per pair of speakers is $1,800. There is no beginning inventory. Costs involved in production are: Direct material $ 150 Direct labor 200 Variable manufacturing overhead 100 Total variable manufacturing costs per unit $ 450 Fixed manufacturing overhead per year $600,000 In addition, the company has fixed selling and administrative costs: Fixed selling costs per year $210,000 Fixed administrative costs per year $110,000 What is cost of goods sold using full costing? EXERCISE 5-6. [LO 1] During the year, Xenoc produces 1,500 pairs of speakers and sells 1,200 pairs. REQUIRED What is cost of goods sold using variable costing?