Required information [The following information applies to the questions displayed below.) Chuck Wagon Grills, Inc., makes a single product-a handmade specialty barbecue grill that It sells for $210. Data for last year's operations follow: 23,600 20,800 2,800 Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit. Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Fixed costs: Fixed manufacturing overhead Pixed selling and administrative Total fixed conta 50 80 20 10 160 $ $ 826,000 312,000 $1,138,000 Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one barbecue grill. 2. Assume that the company uses absorption costing. Prepare an income statement for last year