ama Manufacturing Company has determined the cost of manufacturing a unit of product to be as e Tij bllows, based on normal production of 50,000 units per year: Direct materials Direct labor Variable factory overhead Fixed factory overhead S20.00 15.00 1000 $45.00 12.00 $57.00 Operating statistics for the month of August and September include: August September 4,000 4,200 $35,000 4,200 3,500 $25,000 Units produced Units sold Selling and administrative expenses The selling price is $70 per unit. There were no inventories on August I, and there is no work in process at September 30. Prepare comparative income statements for each month under the following methods: a. Absorption costing method b. Direct costing method