12. McCollen Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price. $122 Units in beginning inventory.. Units produced Units sold...... Units in ending inventory 0 8,300 8,200 100 Variable costs per unit: Direct materials Direct labor.... Variable manufacturing overhead Variable selling and administrative... $27 $46 $4 $7 Fixed costs: Fixed manufacturing overhead.. Fixed selling and administrative....... $199,200 $106,600 Required: a. Prepare an income statement for the month using absorption costing