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value 10.00 points Chuck Wagon Grills, Inc, makes a single product-a handmade specialty barbecue grill that it sells for $210. Data for last year's operations

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value 10.00 points 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 Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit 20,000 19,000 1,000 Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative s 50 80 20 10 Total variable cost per unit S 160 Fixed costs Fixed manufacturing overhead Fixed selling and administrative $ 700,000 285,000 Total fixed costs $985.000 Required 1. Assume that the company uses absorption costing Compute the unit product cost for one barbecue gill. product cost S185 2 Assume that the company uses absorption costing. Prepare an income statement. 2017 SO

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