Nike Inc. produces two types of sports shoes, Running Shoes and Basketball Shoes. The following cost data is available:

Cost Item	Running Shoes	Basketball Shoes
Direct Material	$50/unit	$70/unit
Direct Labor	$20/unit	$30/unit
Overhead	180% of direct labor cost	160% of direct labor cost

Additional Information:

• Production for Running Shoes: 500,000 units
• Production for Basketball Shoes: 300,000 units

Requirements:

1. Calculate the total cost for Running Shoes and Basketball Shoes.
2. Determine the cost per unit for each type of shoe.
3. Prepare a cost sheet for both types of shoes.
4. Compare the cost structures and suggest which type of shoe is more cost-effective.

Recommend strategies for cost control and pricing to enhance market competitiveness.