Asian Windows manufactures a hand-painted bamboo window shade for standard-size windows. Production and sales data for 2020 are as follows:

Variable manufacturing costs: $41 per shade

Fixed manufacturing costs $92,020

Variable selling and administrative expenses $9 per shade

Fixed selling and administrative expenses $250,700

Selling price $96 per shade

Units produced 10,700 shades

Units sold 8,800 shades

Assume the company uses normal costing and uses the budgeted volume of 8,600 units to allocate the fixed overhead rate rather than the actual production volume of 10,700 units. The company expenses production volume variance to cost of goods sold in the accounting period in which it occurs. Do the following: 1. Calculate the manufacturing cost per unit. (Round answer to 2 decimal places, e.g. 15.25.)

2. Prepare a normal-costing income statement for 2020.

ASIAN WINDOWS Income Statement-Normal Costing For the Year Ended December 31, 2020 Sales $ 844800