Don't use ai answer........

High Country, Incorporated, produces and sells many

recreational products. The company has just opened a

new plant to produce a folding camp cot that will be

marketed throughout the United States. The following

cost and revenue data relate to May, the first month of

the plant's operation: Beginning inventory O Units

produced $41,000$ Units sold $36,000$ Selling price per

unit $ $83$ Selling and administrative expenses: Variable

per unit $ $4$ Fixed $($per month$)$ $ $559,000$ Manufacturing

costs: Direct materials cost per unit $ $17$ Direct labor

cost per unit $ $10$ Variable manufacturing overhead cost

per unit $ $2$ Fixed manufacturing overhead cost $($per

month$)$ $ $615,000$ Management is anxious to assess the

profitability of the new camp cot during the month of

May. Required: $1.$ Assume that the company uses

absorption costing. a$.$ Calculate the unit product cost. b$.$

Prepare an income statement for May. $2.$ Assume that

the company uses variable costing. a$.$ Calculate the unit

product cost. b$.$ Prepare a contribution format income

statement for May.