Preparing an Ending Finished Goods Inventory Budget

Andrews Company manufactures a line of office chairs. Each chair takes $12 of direct materials and uses 1.9 direct labor hours at $14 per direct labor hour. The variable overhead rate is $1.20 per direct labor hour, and the fixed overhead rate is $1.50 per direct labor hour. Andrews expects to have 770 chairs in ending inventory. There is no beginning inventory of office chairs.

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.