Coverall Inc. produces and sells a unique type of case for a standard$-$size tablet computer that is guaranteed waterproof but still allows for regular functionality of the tablet. The company has just opened a new plant to manufacture these cases, and the following cost and revenue data have been provided for the first month of the plant$$s operation in the form of a worksheet:

Beginning inventory $ $0$

Units produced $29,000$

Units sold $19,500$

Selling price per unit $ $76$

Selling and administrative expenses:

Variable per unit $ $2$

Fixed $($total$)$ $ $390,000$

Manufacturing costs:

Direct materials cost per unit $ $23$

Direct labour cost per unit $ $9$

Variable manufacturing overhead cost per unit $ $5$

Fixed manufacturing overhead cost $($total$)$ $ $580,000$

Since the new case is unique in design, management is anxious to see how profitable it will be and has asked that an income statement be prepared for the month.