Inventory Valuation under Absorption and Variable Costing

San Remo Company produced $80,000$ units last year. The company sold $79,000$ units and there was no beginning

inventory. The company chose practical activity$-$at $80,000$ units$-$to compute its predetermined overhead rate.

Manufacturing costs are as follows:

Required:

Calculate the cost of one unit of product under absorption costing. Round your interim calculations and final

answer to the nearest cent. Use rounded answer in subsequent requirements.

$

Calculate the cost of one unit of product under variable costing. Round your interim calculations and final

answer to the nearest cent. Use rounded answer in subsequent requirements.

$

Calculate the cost of ending inventory under absorption costing.

$

Calculate the cost of ending inventory under variable costing.