ABC Ltd. purchases units of wood frames that have manufacturers rebates from Pax Inc. The rebate requires ABC to purchase a minimum number of units in a calendar year. The initial unit cost of each wood frame is $4.0 before any rebate. If more than 4,160 units are purchased, the rebate is $0.75 per unit for all units purchased beyond the base amount of 4,160 units. ABC Ltd. has a June 30 fiscal year end. By June 30, 2017, ABC had purchased 3,480 wood frames for the six-month period from January 1, 2017, to June 30, 2017. ABC estimates that an additional 3,480 wood frames will be purchased from July 1, 2017, to December 31, 2017. ABCs management is very confident that this estimate will be confirmed by future purchases from Pax Inc.

Calculate the amount of any rebate that Culver should accrue at June 30, 2017, assuming the rebate cannot be cancelled by Pronghorn. (Round answer to 2 decimal places, e.g. 52.75.)

Accrued rebate receivable $____________

Calculate the unit cost that Culver should use in the costing of wood frames, using the perpetual inventory system. (Round answer to 4 decimal places, e.g. 52.1212.)

Per Unit cost $__________________