Wong Company reports the following data:
Finished Goods Inventory:
Beginning balance, in units ...... 500
Units produced ............ 3,100
Units sold .............. (1,500)
Ending balance, in units .......2,100
Production Costs:
Variable manufacturing costs per unit .. $ 65
Total fixed manufacturing costs ..... 40,300
Calculate the product cost per unit and the total cost of the 2,100 units in ending inventory using absorption costing and variable costing.