Fancy Inc. manufactures and sells a single product. The company uses First-in-First-Out Inventory costing method. Data for its most recent month of operations follows:

Selling price per unit.	$250
Units in the beginning finished goods inventory.	800
Units produced (normal production) .	5,200
Units sold	5,500
Units in the ending finished goods inventory	500
Variable costs per unit:
Direct materials.	$50
Direct labor	$75
Variable manufacturing overhead.	$20
Variable selling and administrative	$10
Fixed cost per month:
Fixed manufacturing overhead.	$156,000
Fixed selling and administrative.	$66,000

The company produces the same number of units every month, although the sales in units vary from month to month. The companys variable costs per unit and total fixed costs have been constant from month to month.

Instruction: DO NOT put a "$" dollar sign and a "comma sign on your answer. Compute the following amount for the most recent month Answer 1. Product cost per unit under absorption costing method ? 2. Product cost per unit under variable costing method? 3. Fixed manufacturing overhead per unit? 4. Cost of the ending finished goods inventory under absorption costing method? 5. Cost of the beginning finished goods inventory under variable costing method? 6. Cost of goods sold under absorption costing method? 7. Net operating income under absorption costing method? 8. Net operating income under variable costing method