Inventory Valuation under Absorption Costing

Hansard Company produced 38,910 units during its first year of operations and sold 38,902 at $17 per unit. The company chose practical activityat 38,910 unitsto compute its predetermined overhead rate. Manufacturing costs are as follows:

Direct materials	$82,700
Direct labor	101,000
Variable overhead	16,000
Fixed overhead	50,900

Required:

1. Calculate the unit cost for each of these four costs. Round your answers to the nearest cent.

Unit direct materials cost	$fill in the blank 1
Unit direct labor cost	$fill in the blank 2
Unit variable overhead cost	$fill in the blank 3
Unit fixed overhead cost	$fill in the blank 4

2. Calculate the cost of one unit of product under absorption costing. Round your answer to the nearest cent. $fill in the blank per unit

3. How many units are in ending inventory? fill in the blank units

4. Calculate the cost of ending inventory under absorption costing. Round your answer to the nearest dollar. $fill in the blank