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Chuck Wagon Grills, Incorporated, makes a barbecue grill it sells for $$210.$ Data for last year$$s operations follow:

Units in beginning inventory$0$Units produced$28,000$Units sold$23,000$Units in ending inventory$5,000$Variable costs per unit:$$Direct materials$ $50$Direct labor$80$Variable manufacturing overhead$20$Variable selling and administrative$10$Total variable cost per unit$ $160$Fixed costs:$$Fixed manufacturing overhead$ $980,000$Fixed selling and administrative$345,000$Total fixed costs$ $1,325,000$

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Assume the company uses absorption costing. Compute the unit product cost for one barbecue grill.

Assume the company uses absorption costing. Prepare an income statement for last year.

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$[$The following information applies to the questions displayed below.$]$

Chuck Wagon Grills, Incorporated, makes a barbecue grill it sells for $\backslash$$$210.$ Data for last year's operations follow:

Required:

$1.$ Assume the company uses absorption costing. Compute the unit product cost for one barbecue grill.

$2.$ Assume the company uses absorption costing. Prepare an income statement for last year.

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