2 value: 1.00 points Chuck Wagon Grills, Inc., makes a single product-a handmade specialty barbecue grill that it sells for $220. Data for last year's operations follow: Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: 0 10,500 9.400 1,100 S 64 35 Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit S 132 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative S 346,500 500,000 Total fixed costs S 846,500 Required 1. Assume that the company uses absorption costing. Compute the unit product cost for one barbecue grill. Unit product cost 2. Assume that the company uses absorption costing. Prepare an income statement. Chuck Wagon Grills, In Absorption Costing Income Statement 0 Net operating income (loss)