Preparing an Ending Finished Andrews Company manufactures a line of direct labor hour. The variable overhead rate is $1.00 per direct labor hour, and the fixed overhead rate is $1.60 per direct labor hour. Andrews expects to have 620 chairs in ending inventory. There is no beginning inventory of office chairs. office chairs. Each chair takes $20 of direct materials and uses 1.9 direct labor hours at $16 per Required: 1. Calculate the unit product cost. Round your answer to the nearest cent. 2. Calculate the cost of budgeted ending inventory. Round your answer to the nearest dollar Preparing a Cost of Goods Sold Budget Andrews Company manufactures a line of office chairs. Each chair takes $18 of direct materials and uses 1.9 direct labor per direct labor hour. The variable overhead rate is $1.20 per direct labor hour, and the fixed overhead rate is $1.60 per direct labor hour. Andrews Company expects to produce 20,000 chairs next year and expects to have 660 chairs in ending inventory. There is no beginning inventory of chairs. hours at $14 Required: Prepare a cost of goods sold budget for Andrews Company. Round your answers to the nearest dollar. Andrews Company Cost of Goods Sold Budget For the Coming Year Andrews Company Cost of Goods Sold Budget For the Coming Year