High Country, Incorporated, produces and seas many tecreational products. The company has just opened a new plant to produce a folding camp cot that wil be markoted throughout the United States. The following cost and revenue data relate to May, the fist month of the plants operation: Managernent is anvious to assess the profrability of the new camp cot duning the month of May, Required: Required: I Assume that the company uses absorpton cotting a. Calculate the unit product cost b. Piepore an income statement for May. 2. Assume that the company uses variable cosing a. Caiculate the unit product cost b. Prepare a contribution format income statemens for May