Chuck Wagon Grills, Incorporated, 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 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 0 24,800 21,400 3,400 $ 50 80 20 10 $ 160 $ 868,000 321,000 $ 1,189,000 Exercise 7-15 (Algo) Absorption Costing Unit Product Cost and Income Statement [LO7-1, LO7-2] Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one barbecue grill. ? Assume that the company uses absorption costing. Prepare an income statement for last year.