Maritime Skateboards, located in Charlottetown, produces customized skateboards. The company sells the skateboard for $500 Canadian. Selected data for the companys operations last year follow:

Units in beginning inventory				0
Units produced				10,000
Units sold				8,000
Units in ending inventory				2,000
Variable costs per unit:
Direct materials				$ 120
Direct labour				$ 140
Variable manufacturing overhead				$ 50
Variable selling and administrative				$ 20
Fixed costs:
Fixed manufacturing overhead				$ 600,000
Fixed selling and administrative				$ 400,000

a) Assume that the company uses variable costing. Compute the unit product cost for one skateboard.

b) Assume that the company uses absorption costing. Compute the unit product cost for one skateboard.