Preparing an Ending Finished Goods Inventory Budget

Andrews Company manufactures a line of office chairs. Each chair takes $18 of direct materials and uses 1.9 direct labor hours at $20 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 710 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.

$fill in the blank 1

2.Calculate the cost of budgeted ending inventory. Round your answer to the nearest dollar.

$fill in the blank 2