Sunshine Ltd $($Sunshine$)$ manufactures and sells a range of three umbrellas $-$ the Standard, the. Easy Opener and the Dome. Production and sales data for April was as follows:

$\backslash$table$[[\backslash$table$[[$Selling price$],[$Variable materials$],[$Variable labour$],[$Variable production overhead$]],\backslash$table$[[$Standard$],[36$ per unit$],[$E$6$ per unit$],[$E$6$ per unit$],[2$ per unit$]],\backslash$table$[[$Easy Opener$],[10$ per unit$],[2$ per unit$],[2$ per unit$],[1$ per unit$]],\backslash$table$[[$Dome$],[25$ per unit$],[5$ per unit$],[4$ per unit$],[2$ per unit$]]],[\backslash$table$[[$Actual production$],[$Closing inventory$]],\backslash$table$[[10,000$ units$],[1,000$ units$]],\backslash$table$[[6,000$ units$],[1,000$ units$]],\backslash$table$[[4,000$ units$],[1,000$ units$]]]]$

The variable labour cost is $10$ per hour and Sunshine's fixed overheads for April were $88,000.$

Calculate the total value of the closing inventory for each product under marginal costing:

Standard

Easy Opener

Dome

Sunshine is considering the impact of changing to absorption costing.

Calculate the fixed overhead absorption rate per labour hour for April:

f per labour hour

Fixed overhead absorption rate

During May the fixed overhead absorption rate was calculated as $15$ per labour hour and the value of the closing inventory under marginal costing, and the number of units, was as below.

The labour cost per hour and per unit remained at their April values.

$\backslash$table$[[,$Closing inventory value,Closing inventory$],[,,$Units$],[$Standard$,19,500,1,500],[$Easy Opener,$3,000,500],[$Dome$,5,000,500]]$

Calculate the total value of the closing inventory for May for each product under absorption costing.

Standard

Easy Opener

Dome