10 4 points Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Required: 1. Determine the unit product cost under: a. Absorption costing. b. Variable costing. $900,000 $1,200,000 Return to ques 600,000 800,000 300,000 400,000 290,000 305,000 $ 10,000 $ 95,000 2. Prepare variable costing income statements for July and August. 3. Reconcile the variable costing and absorption costing net operating incomes.