Monster manufacturing company, which has only one product had provided the following data concerning its most recent month of operations

Selling price $190

Units in begining inventory 0

Units produced 9500 Units sold 8000

units in ending inventory 1500

Variable cost per unit:

Direct materials $65 Direct labor $39 Variable manufacturing overhead $2.5

Variable selling and admind $11

Fixed costs:

Fixed manufacturing overhead $320,000

Fixed selling and admin $ 123,000

Required

A. Prepare an income statment for the month using variable costing method

B. Prepare an income statment for the month using absorption costing method