Inventory Valuation under Absorption Costing

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?

$ units

2. Using absorption costing, calculate the per-unit product cost.

$

3. What is the value of ending inventory under absorption costing?

$