During the most recent year, Morgan Company had the following data associated with the product it makes:
Units in beginning inventory .......400
Units produced ...........12,000
Units sold ($300 per unit) ......11,200
Variable costs per unit:
Direct materials ............$25
Direct labor ............$80
Variable overhead ...........$20
Fixed costs:
Fixed overhead per unit produced ...$30
Fixed selling and administrative ....$140,000

Required:
1. How many units are in ending inventory?
2. Using variable costing, calculate the per-unit product cost.
3. What is the value of ending inventory under variable costing?