3) Ruth Company incurred the following costs in July:

Units produced

1,000 units

Direct materials

$ 30 per unit

Direct labor

$25 per unit

Variable manufacturing overhead

$10 per unit

Fixed manufacturing overhead

$7,000 per month

Variable selling and administrative costs

$8 per unit

Fixed selling and administrative costs

$2,000 per month

List the product costs using absorption costing and variable costing.