A manufacturer of tiling grout has supplied the following data: Kilograms produced and sold 390,000 Sales revenue$1,860,000 Variable manufacturing expense$951,000 Fixed manufacturing expense$248,000 Variable selling and administrative expense$333,000 Fixed selling and administrative expense$214,000 Net operating income$114,000 The company's contribution margin ratio is closest to: Multiple Choice 48.9% 82.1% 31.0% 75.2%

Inventory by three methods; cost of goods sold the units of an item available for sale during the year were as follows: jan. 1 inventory 20 units at $1,800 may 15 purchase 31 units at $1,950 aug. 7 purchase 13 units at $2,040 nov. 20 purchase 16 units at $2,100 there are 18 units of the item in the physical inventory at december 31. determine the cost of ending inventory and the cost of goods sold by three methods, presenting your answers in the following form: round your final answers to the nearest dollar. cost inventory method ending inventory cost of goods sold a. first-in, first-out method $ $ b. last-in, first-out method $ $ c. weighted average cost method $ $