High Country, Incorporated, produces and sells many recreational products. The company 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 plants operation: Beginning inventory 0 Units produced 44,000 Units sold 39,000 Selling price per unit $ 77 Selling and administrative expenses: Variable per unit $ 4 Fixed (per month) $ 560,000 Manufacturing costs: Direct materials cost per unit $ 18 Direct labor cost per unit $ 9 Variable manufacturing overhead cost per unit $ 4 Fixed manufacturing overhead cost (per month) $ 704,000 Required: Assume the company uses absorption costing. Calculate the camp cot's unit product cost. Prepare a contribution format income statement for May.