Chuck Wagon Grills, Inc., makes a single producta handmade specialty barbecue grill that it sells for $200. Data for last years operations follow: Units in beginning inventory 0 Units produced 9,700 Units sold 9,100 Units in ending inventory 600 Variable costs per unit: Direct materials $ 63 Direct labor 35 Variable manufacturing overhead 12 Variable selling and administrative 15 Total variable cost per unit $ 125 Fixed costs: Fixed manufacturing overhead $ 281,300 Fixed selling and administrative 510,000 Total fixed costs $ 791,300 Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one barbecue grill. 2. Assume that the company uses absorption costing. Prepare an income statement.