Assuming that Senior Industries is in its first month of production, the following reflects select company data for the period: Units Beginning inventory 0 Units produced 20,000 Units sold 16,000 Ending inventory 4,000 Unit price $800 Variable unit costs Direct materials $240 Direct labour $280 Variable manufacturing overhead $100 Variable selling & administrative $ 40 Fixed costs Fixed manufacturing overhead $800,000 Fixed selling & administrative $600,000 Instructions Compute the unit product cost using throughput costing and absorption costing