The study team identified four cost pools into which the manufacturing overhead costs could be grouped. There was a great deal of discussion about both the pools and the cost drivers. The final system selected consisted of the following pools and drivers. The costs were based on the forecasts for the coming year. Cost Pools Material inspection Assembly Equipment setup Packaging and shipping Costs $ 522,720 2,917,200 1,042,800 554,400 Activity Drivers Direct material cost Machine-hours Production runs Units shipped Data for production of the two products at the Bayside plant for the coming year of operations follows: Total direct material costs Total direct labor costs Total machine-hours Total number of production runs Number of units produced and shipped Products LC-20 $ 712,800 LC-50 $ 554,400 121,605 99 316,800 All direct labor at the Bayside plant is paid $35 per hour. $ 237,600 $ 277,200 60,720 66 79,200 Required: a. What unit product costs will be reported for the two products in the coming year if the current cost system continues to be used? b. What unit product costs will be reported for the two products if the ABC system is used? Complete this question by entering your answers in the tabs below. Required A Required B What unit product costs will be reported for the two products if the ABC system is used? Note: Do not round intermediate calculations. LC-20 LC-50 Direct material costs $ Direct labor cost 712,800 $ 554,400 237,600 277,200 Overhead: Material inspection Assembly Equipment setup Packaging and shipping Total costs Number of units Unit cost $ 1,267,200 $ 514,800 0 0