Conrad Corporation has provided the following data for its two most recent years of operation:Year $1$Year $201,0008,00010,0007,0005,0001,0006,000$

Units in beginning inventory

Units produced during the year

Units sold during the year

Units in ending inventory

Required:

a$.$ Assume the company uses absorption costing. Compute the unit product cost in each year.

b$.$ Assume the company uses absorption costing. Prepare an income statement for each year.

c$.$ Assume the company uses variable costing. Compute the unit product cost in each year.

d$.$ Assume the company uses variable costing. Prepare an income statement for each year.

e$.$ Which method is a better way to analyze results?

Round to nearest DOLLAR for unit cost calculations