Johnson, Inc. has collected the following data for November (there are no beginning inventories): (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 X Data Table Unit product cost Requirement 2. Prepare an income statement using the traditional format. Units produced and sold 700 units Johnson, Inc. Sales price 475 per unit Income Statement (Absorption Costing) Direct materials 60 per unit For the Month Ended November 30 58 per unit Direct labor Variable manufacturing overhead 14 per unit Fixed manufacturing overhead 11,900 per month 10 per unit Variable selling and administrative costs Fixed selling and administrative costs 5,000 per month Operating Income X Requirements 1. Using absorption costing, calculate the unit product cost. Prepare an income statement using the traditional format 2. Print Done