Assume the following information for a merchandising company:   Number of units sold    20,000 Selling price per unit    $ 30 Variable selling expense per unit    $ 3.6 Variable administrative expense per unit    $ 2.6 Fixed administrative expenses    $ 50,000 Beginning merchandise inventory    $ 24,000 Ending merchandise inventory    $ 19,000 Merchandise purchases    $ 340,000 What is the contribution margin?

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.