Jimmy Page Industries, which produces a single product, has provided the following data for its most recent month of operation:
Number of units produced	7,000
Variable costs per unit:
Direct materials	$86
Direct labor	$71
Variable manufacturing overhead	$2
Variable selling and administrative expenses	$7
Fixed costs:
Fixed manufacturing overhead	$378,000
Fixed selling and administrative expenses	$98,000
The company had no beginning or ending inventories.
Required: show your work
a. Compute the unit product cost under absorption costing.
b. Compute the unit product cost under variable costing.