Falquez Company sells three products: R, S, and T. Data for activity of Falquez Company during July are as follows: 
Common fixed expenses for July amounted to $90,000.
-The contribution margin for Product R was:
Definitions:
Inventory Balance
The total value of a company's goods and materials held in stock, as recorded on the balance sheet.
Weighted Average Cost
A method of valuing inventory and cost of goods sold that considers the cost of each item in proportion to its quantity.
Perpetual Inventory
Perpetual inventory is a system that continuously updates inventory records to reflect sales, purchases, and inventory levels in real-time.
Inventory Turnover
A metric indicating the frequency at which a company's stock is sold and replenished within a given timeframe.
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