Murphy Inc., 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	$	37
Direct labor	$	43
Variable manufacturing overhead	$	5
Variable selling and administrative expenses	$	1
Fixed costs:
Fixed manufacturing overhead	$	84,000
Fixed selling and administrative expenses	$	119,000

The company had no beginning or ending inventories.

Required:

a. Compute the unit product cost under absorption costing.

b. Compute the unit product cost under variable costing.