Inventory Valuation under Absorption Costing

Hansard Company produced 39,310 units during its first year of operations and sold 38,891 at $17 per unit. The company chose practical activityat 39,310 unitsto compute its predetermined overhead rate. Manufacturing costs are as follows:

Direct materials	$81,200
Direct labor	101,500
Variable overhead	15,200
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	$
Unit direct labor cost	$
Unit variable overhead cost	$
Unit fixed overhead cost	$

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

3. How many units are in ending inventory? units

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