Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $860. Selected data for the companys operations last year follow:

Units in beginning inventory	0
Units produced	20,000
Units sold	17,000
Units in ending inventory	3,000
Variable costs per unit:
Direct materials	$ 280
Direct labor	$ 370
Variable manufacturing overhead	$ 64
Variable selling and administrative	$ 17
Fixed costs:
Fixed manufacturing overhead	$ 920,000
Fixed selling and administrative	$ 590,000

Required:

1. Assume the company uses absorption costing. Compute the unit product cost for one gamelan.

Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.

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