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: Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per uni 9,900 9,400 500 t: 63 38 Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit 16 128 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative Total fixed costs $297,000 520,000 $817,000 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 for last year