High Country, Incorporated, produces and sells many recreational products. The compa produce a folding camp cot that will be marketed throughout the United States. The follc to May, the first month of the plant's operation: Management is anxious to assess the profitability of the new camp cot during the mont 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. Complete this question by entering your answers in the table below. Determine the unit product cost. Assume that the company uses absorption costing