Preparing an Ending Finished Goods Inventory Budget Andrews Company manufactures a line of office chairs. Each chair takes $14 of direct materials and uses 1.9 direct labor hours at $20 per direct labor hour. The variable overhead rate is $1.30 per direct labor hour, and the fixed overhead rate is $1.40 per direct labor hour. Andrews expects to have 640 chairs in ending inventory. There is no beginning inventory of office chairs. 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