High Country, Incorporated, produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be markeled throughout the United States. The following cost and revenue data retate fo May, the first month. of the plant's operationk Managenent is anxious to asyess the prontability of the new camp col duing the month of Moy: Required: 1. Assume that the company uses absoription costing. a. Cilculate the unit product cost. b. Prepare an income statemeat for May. 2 Assume that the company uses variable couting. a. Calculate the unit product cost. b. Prepaie a contibuilon format income statement for May Compilete this questian by enterian vour onswers in the tible lelow