During the year, the company produced 29,000 units and sold 22,000 units. The selling price of the company's product is $42 per. unit. Required: 1. Assume that the company uses absorption costing: a, Compute the unit product cost. b. Prepare an income statement for the year. 2. Assume that the company uses variable costing: a. Compute the unit product cost. b. Prepare an income statement for the year