Lazlo Company manufactures a line of table lamps. Each lamp takes $5 of direct materials and uses 0.9 direct labor hour at $18 per direct labor hour. The variable overhead rate is $1.00 per direct labor hour, and the fixed overhead rate is $2.00 per direct labor hour. Lazlo expects to have 830 lamps in ending inventory. There is no beginning inventory of table lamps.

Required:

1. Calculate the unit product cost.

2. Calculate the cost of budgeted ending inventory.