Show Me How Preparing an Ending Finished Goods Inventory Budget Lazio Company manufactures a line of table lamps. Each lamp takes $5 of direct materials and uses 0.9 direct labor hour at $15 per direct labor hour The variable overhead rate is $1.00 per direct labor hour, and the fixed overhead rate is $2.00 per direct labor hour Lario expects to have 830 lamps in ending inventory. There is no beginning inventory of table lamps. Required: 1. Calculate the unit product cost. Round your answer to the nearest cent 2. Calculate the cost of budgeted ending inventory E Satur 2 Preparing an Ending Finished Goods Inventory Budget Lazlo Company manufactures a line of table lamps. Each lamp takes $5 of direct materials and uses 0.9 direct labor hour at $18 per direct labor hour, The variable overhead rate is $1.00 per direct labor hour, and the fixed overhead rate is $2.00 per direct labor hour. Lazlo expects to have 830 lamps in ending inventory. There is no beginning inventory of table lamps. Required: 1. Calculate the unit product cost. Round your answer to the nearest cent 2. Calculate the cost of budgeted ending inventory