A company that produces a single product has provided the following data concerning its most recent month of operations:

Units in beginning inventory-0

Units produced-7,100

Units sold-7,000

Units in ending inventory-100

Variable costs per unit:

Direct materials-$33

Direct labor-$53

Variable manufacturing overhead-$7

Variable selling and administrative-$1

Fixed costs:

Fixed manufacturing overhead-$170,400

Fixed selling and administrative-$7,000

1. What is the unit product cost for the month under variable costing?

2. What is the unit product cost for the month under absorption costing?