Verst Products Co. uses a process cost system and applies actual factory overhead to work in process at the end of the month. The following data came from the records for March:

Direct materials. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ $200,000

Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $100,000

Variable factory overhead . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... $ 80,000

Fixed factory overhead . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ...$ 60,000

Selling and administrative expenses . . . . . . . . . . . . . . . . . . . . . . ....$ 40,000

Units produced . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,000

Units sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000

Selling price per unit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... 25

There were no beginning inventories and no ending work in process inventory. From the information presented, compute the following:

1. Unit cost of production under absorption costing and variable costing.

2. Cost of the ending inventory under absorption costing and variable costing.