Current Attempt in Progress Debra King, CEO of Cullumber 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. Debra asked Gary Smith, Cullumber's inventory manager, to help her understand the issue. Gary 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 2020 2021 Beginning inventory 1,000 2.000 500 Production 40,000 38,000 40,000 Sales (39,000) (39,500) (39.500 Ending inventory 2.000 500 1.000 Gary also gathered the 2019 income statements prepared using absorption costing and variable costing, which follow. Income Statement-Absorption Costing Sales Cost of goods sold $ 5,655,000 Units in beginning Inventory (90,000) Units sold from current year production (3,420,000) (3.510.000) Total cost of goods sold Gross margin Selling expense Operating Income Income Statement-Variable Costing Sales Variable production expenses 2.145.000 (625,000) $ 1.520,000 $ 5,655,000 (2,028,000) Variable selling expenses 12,000 Contribution margin 3.315,000 Fixed manufacturing expenses (1.520.000 Fixed selling expenses 13.000 Operating Income 1482.000 (a) Compute the unit product cost for 2019, 2020, and 2021 for variable and absorption costing. Assume that variable costs per unit and total fixed costs do not change from one year to the next. (Round answers to 2 decimal places, eg. 15.25.) Unit product cost using variable costing Unit product cost using absorption costing eTextbook and Media Save for Later 2019 2020 2021 Attempts: 0 of 3 used Submit Answer Income Statement-Variable Costing Sales 2020 2021 $ $ $ Prepare variable and absorption costing income statements for 2020 and 2021. Assume that sales price remains constant across all years. (Round answers to O decimal places, e.g. 5,275.) Income Statement-Absorption Costing Sales Variable costs-production Cost of goods sold Variable costs selling Operating Income 2020 2021 5530000 5530000