Beginning inventory in units 7100 Units produced 94,000 Units sold ($215 per unit) 100,000

Variable costs per unit: Direct materials $24 Direct labor $12 Variable overhead $8 Variable selling $14

Fixed costs: Fixed overhead $1410000 Fixed selling and administrative $640000

Using absorption costing, calculate the per-unit product cost. What is the total cost of ending inventory under absorption costing? What is the absorption costing operating income? Using variable costing, calculate the per-unit product cost.