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 $16 per direct labor hour. The variable overhead rate is $1.00 per direct labor hour, and the fixed overhead rate is $1.80 per direct labor hour. Andrews expects to have 650 chairs in ending inventory, There is no beginning inventory of office chaifs. Required: 1. Calculate the unit product cost. Round your answer to the nearest cent. 2. Calculate the cost of budgeted ending inventory