Data $50 Selling price per unit Manufacturing costs Variable per unit produced $11 $6 $3 $120,000 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year Variable Fixed per year Selling and administrative expenses per unit sold $4 $70,000 Year 1 Year Units in beginning inventory Units produced during the year Units sold during the year 6,000 8,000 10,000 8,000 Enter a formula into each of the cells marked with a ? below Review Problem 1: Contrasting Variable and Absorption Costing Compute the Ending Inventory Year 1 Year Units in beginning inventory Units produced during the year Units sold during the year Units in ending inventory