Given the following information: Prior Year Prior Year Current Current Year (Budget) (Actual) Year (Actual) (Budget) Beginning Inventory (Units) 0 0 ? ? Sales (Units) 600,000 580,000 575,000 570,000 Manufactured (Units) 600,000 590,000 640,000 610,000 Selling Price ($/unit) 9.99 9.90 9.95 10.00 Variable Manufacturing Cost ($/unit) 4.92 4.92 4.95 4.95 Total Fixed Manufacturing Costs ($) 1,584,000 1,561,000 1,619,200 1,599,531 Variable Selling Cost ($/unit) Total Fixed SG&A Costs ($) 1.00 350,000 1.01 0.99 1.00 353,000 352,850 348,000 Other information: The manufacturer uses FIFO (this is to make is easier to solve - weighted average would be a lot more difficult to solve) The manufacturer uses Standard Costing