answer all required parts

0 Book Print Frances High Country, Incorporated, produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant's operation: Beginning inventory Units produced 44,000 Units sold 39,000 Selling price per unit $ 82 Selling and administrative expenses Variable per unit $ 2 Fixed (per month) $ 561,000 Manufacturing costs Direct materials cost per unit $ 18 Direct labor cost per unit $8 Variable manufacturing overhead cont per unit Tixed manufacturing overhead cont (per month) $ 704,000 Management is anxious to assess the profitability of the new camp cot during the month of May. Required: 1. Assume that the company uses absorption costing a Calculate the unit product cost. b. Prepare an income statement for May 2. Assume that the company uses variable costing. a. Calculate the unit product cost. b. Prepare a contribution format income statement for May. $ 2 Complete this question by entering your answers in the table below. Reg 1A Reg 18 Req 2A Reg 28