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Preparing an Ending Finished Goods Inventory Budget

Andrews Company manufactures a line of office chairs. Each chair takes $$16$ of direct materials and uses $1\mathrm{.}9$ direct labor hours at $$16$ per direct labor hour. The variable overhead rate is $$1\mathrm{.}30$ per direct labor hour, and the fixed overhead rate is $$1\mathrm{.}80$ per direct labor hour. Andrews expects to have $720$ 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 $2$