Chuck Wagon Grills, Incorporated, makes a barbecue grill 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 unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Fixed costs: Fixed manufacturing overhead Fixed selling and administrative Total fixed costs 20,000 19,000 1,000 $ 50 80 20 10. $ 160 $ 700,000 285,000 $ 985,000 Required: 1. Assume the company uses absorption costing. Compute the unit product cost for one barbecue grill. 2. Assume the company uses absorption costing. Prepare an income statement for last year.