1. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: $150 0 8,000 7,500 500 Selling price per unit Units in beginning inventory Units produced Units sold Units in ending inventory Variable cost per unit Direct Materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed cost per month Fixed manufacturing overhead Fixed selling and administrative $45 $50 $5 $10 $128,000 $90,000 Required: 1. Calculate unit product cost under absorption costing and variable costing. 2. Prepare absorption costing income statement. 3. Prepare variable costing income statement. 4. Use a reconciliation to explain any difference in the operating income of absorption costing and variable costing