1a. assume the company uses absorption costing determine its total product cost per unit.

2b. I assume the company uses absorption costing prepared income statement for the year under absorption costing.

Required information [The following information applies to the questions displayed below.] Cool Sky reports the following for its first year of operations. The company produced 44,000 units and sold 36,000 at a price of $120 per unit. 1a. Assume the company uses absorption costing. Determine its total product cost per unit. [The following information applies to the questions displayed below.] Help Cool Sky reports the following for its first year of operations. The company produced 44,000 units and sold 36,000 units at a price of $120 per unit. Assume the company uses absorption costing. Prepare its income statement for the year under absorption costing