i X - Data Table Units produced and sold Sales price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs 400 units 400 per unit 69 per unit 63 per unit 22 per unit 7,200 per month 50 per unit 4,450 per month Print Done Newman, Inc. has collected the following data for November (there are no beginning inventories): 3 Click the icon to view the data.) Read the requirements. Requirement 1. Using absorption costing, calculate the unit product cost. (Round your final answer to the nearest cent.) Absorption costing Unit product cost Requirement 2. Prepare an income statement using the traditional format Newman, Inc. Income Statement (Absorption Costing) For the Month Ended November 30 Operating Income