Glory, Inc. has collected the following data for November (there are no beginning inventories): (Click the icon to view the data.) Read the requirements. Requirement 1. Using absorption costing, calculate the unit product cost. (Round your final answer to the nearest cent.) Unit product cost Absorption costing 141.5 Requirement 2. Prepare an income statement using the traditional format. Glory, Inc. Income Statement (Absorption Costing) For the Month Ended November 30 Net Sales Revenue Cost of Goods Sold Contribution Margin Selling and Administrative Costs Operating Income Requirements Data table Units produced and sold 350 units Sales price $375 per unit Direct materials 42 per unit 63 per unit 20 per unit 5,775 per month 30 per unit 4,525 per month Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs O 1. Using absorption costing, calculate the unit product cost. 2. Prepare an income statement using the traditional format. Print Done Print Done