Chuck Wagon Grills, Inc., makes a single product-a handmade specialty barbecue grill that it sells for $210. Data for last year's operations follow: 0 20,000 19,000 1,000 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 $ 50 Total variable cost per unit $ 160 Fixed costs: Fixed manufacturing overhead $700,000 Fixed selling and administrative 285,000 Total fixed costs $985,000 Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one barbecue grill. Unit product cost 2. Assume that the company uses absorption costing. Prepare an income statement. Chuck Wagon Grills, Inc. Absorption Costing Income Statement