Kingbird Products manufactures and sells a variety of camping products. Recently the company opened a new factory to manufacture a del portable cooking unit Cost and sales data for the first month of operation are shown below. O units 10,000 8.700 Beginning inventory Units produced Units sold Marutacturing costs Fed overhead Variable overhead Direct labour Direct material Selling and administrative costs $110,000 54 per unit $10 per unit $29 per unit Fixed $208.400 $4 per unit sold Variable The portable cooking unit sells for $111. Management is interested in the opening month's results and has asked for an income statement Assuming the company uses absorption costing Prepare an absorption costing income statement for the first month of operation. Kingbird Products Income Statement-Absorption Costing For the first month of operations