Chuck Wagon Grills, Inc., makes a single product-a handmade specialty barbecue grill that it sells for $200. Data for last year's operations follow: 10,400 9,500 900 Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative $ 64 Total variable cost per unit $ 136 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $ 312,000 520,000 Total fixed costs $ 832,000 Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one barbecue grill. Unit product cost $ 146 2. Assume that the company uses absorption costing. Prepare an income statement. Chuck Wagon Grills, Inc. Absorption Costing Income Statement Sales $ 1,900,000 Cost of goods sold 1,387,000 Gross margin 513,000 Selling and administrative expenses Net operating income (loss)