High Country, Inc. 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: 39, eee 34, see 75 $ Deginning Inventory Units produced Units sold Selling price per unit Selling and administrative expensest Variable per unit Fixed (per month) Manufacturing costs: Direct materials cost per unit Direct labor cost per unit Varlable manufacturing overhead cost per unit Fixed manufacturing overhead cost (per month) $ 2 $ 562,000 $ 17 5 7 4 5782.ee 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: 3. Calculate the unit product cost. b. Prepare a contribution format income statement for May. Complete this question by entering your answers in the table below. LA Ruq 10 Roy 21 Rug 20 Determine the unit product cost. Assume that the company uses absorption costing Unit product coat Reg 18>