Refer to the data for Pelham Company on the previous page.

During the most recent year, Pelham Company had the following data associated with the product it makes:

Units in beginning inventory..............................400

Units produced..........................................14,000

Units sold ($300 per unit) ..............................13,700

Variable costs per unit:

Direct materials..............................................$15

Direct labor...................................................$36

Variable overhead.............................................$9

Fixed costs:

Fixed overhead per unit produced........................$40

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?