Barbara Jones. CEO of Ivanhoe Industries is concerned about the recent volatility in the company's operating income. She believes that since the number of units sold has been fairly stable over the past three years that operating income also should have been stable. Barbara asked Michael Brown, Ivanhoe's inventory manager, to help her understand the issue. Michael reviewed the company's records and compiled the following changes to Finished Goods Inventory (in units) for the years 2019, 2020 and 2021 Year 2019 2021 2020 2,000 Beginning inventory 1.000 500 Production 40,000 38.000 40,000 Sales (39.000) (39.500) (39,500) 1.000 Ending inventory 2,000 500 Michael also gathered the 2019 income statements prepared using absorption costing and variable costing, which follow, Income Statement-Absorption Costing 5,850,000 Sales $ Cost of goods sold Income Statement-Absorption Costing Sales $ 5,850,000 Cost of goods sold Units in beginning inventory (91,000) Units sold from current year production (3,458,000 Total cost of goods sold (3,549,000) Gross margin 2,301,000 Selling expense (605,000) Operating Income $ 1.696,000 Income Statement-Variable Costing Sales $ 5,850,000 (2,067,000) Variable production expenses Variable selling expenses Contribution margin (156,000) 3,627,000 Fixed manufacturing expenses (1,520,000) Fixed selling expenses (449,000) Operating income $ 1,658,000 Compute the unit product cost for 2019 2020 and 2021 for variable and absorption costing. Assume that variable costs per unit and total foxed costs do not change from one year to the next. (Round answers to 2 decimal places, es. 15.25.) 2019 2020 2021 $ $ Unit product cost using variable costing Unit product cost using absorption costing $ eTextbook and Media Save for later