0 High Country, Incorporated produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant's operation Deginning Inventory Units produced 47.000 Units sold 42.000 Selling price per unit $81 Selling and administrative expenses Variable per unit $ Fixed (per month $ 567,000 Manufacturing costs: Direct materials cost per unit $ 14 Direct labor cost per unit $6 Variable manufacturing overhead cost per unit $1 Tixed manufacturing overhead coat (per month) 5. 752,000 Management is anxlous to assess the profitability of the new camp cot during the month of May, Required: 1. Assume that the company uses absorption costing. a Calculate the unit product cost. b. Prepare an income statement for May 2. Assume that the company uses variable costing, a. Calculate the unit product cost. b. Prepare a contribution format income statement for May Complete this question by entering your answers in the table below. Reg 1A Reg 13 Reg 2A Reg 20 Determine the unit product cost. Assume that the company uses absorption costing. Utroductos Reg 10 >