Oriole makes Halloween costumes. The company incurred the following total costs to produce 31,200 costumes.

Direct materials		$212,000
Direct labor		173,000
Variable overhead		17,480
Fixed overhead		96,720

(a) Under the absorption costing method, what is the average unit product cost? Using this method, how much product cost would be recorded on the income statement if 21,300 units were sold? (Round per unit to 3 decimal places, e.g. 15.256 and product cost to 0 decimal places, e.g. 5,275.)

Average unit product cost		$enter a dollar amount rounded to 2 decimal places
Product cost		$enter a dollar amount rounded to 0 decimal places

(b) Under the variable costing method, what is the average unit product cost? Using this method, how much product cost would be recorded on the income statement if 21,300 units were sold? (Round per unit to 3 decimal places, e.g. 15.256 and product cost to 0 decimal places, e.g. 5,275.)

Average unit product cost		$enter a dollar amount rounded to 2 decimal places
Product cost		$enter a dollar amount rounded to 0 decimal places