Murphy Incorporated, 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:

a. Compute the unit product cost under absorption costing.

b. Compute the unit product cost under variable costing.