Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $818. Selected data for the companys operations last year follow:

Units in beginning inventory	0
Units produced	23,000
Units sold	20,000
Units in ending inventory	3,000
Variable costs per unit:
Direct materials	$ 200
Direct labor	$ 370
Variable manufacturing overhead	$ 62
Variable selling and administrative	$ 24
Fixed costs:
Fixed manufacturing overhead	$ 820,000
Fixed selling and administrative	$ 430,000

Required:

1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan. (Round your intermediate calculations and final answer to the nearest whole dollar amount.)

2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan.