Beginning inventory	0
Units produced	49,000
Units sold	44,000
Selling price per unit	$81
Selling and administrative expenses:
Variable per unit	$2
Fixed (total)	$562,000
Manufacturing costs:
Direct materials cost per unit	$18
Direct labor cost per unit	$9
Variable manufacturing overhead cost per unit	$4
Fixed manufacturing overhead cost (total)	$980,000

Requirement 1:

Assume that the company uses absorption costing.

(a)	Determine the unit product cost. (Omit the "$" sign in your response.)

Unit product cost

$

(b)	Prepare an income statement for May. (Input all amounts as positive values. Omit the "$" sign in your response.)

(Click to select) Cost of goods manufactured Beginning inventory Ending inventory Goods available for sale Sales	$
(Click to select) Sales Ending inventory Beginning inventory Goods available for sale Cost of goods sold
(Click to select) Gross loss Gross profit
(Click to select) Sales Ending inventory Goods available for sale Selling and administrative expenses Cost of goods manufactured
(Click to select) Net operating loss Net operating income	$