Preparing an Ending Finished Goods inventory Budget. Andrews Compony manufactures a line of office chairs. Each chair takes $16 of direct materiak and uses 1.9 direct labor heurs at $12 per direct laber hour. The wariable overtiead rote is $1.10 per direct labor hour, and the fued overhead rate is $1.60 per direct labor hour, Andiems expects to have 670 chairs in ending inventory, There as no beginneng inventory of office chairs. Required 1. Calculate the unc oroduct cost. Ptound vour answer to the nearest cent. 1. 2. Calculate tie cost of budpeted ending inventory