Pigh Country, Inc, produces and sells many recreational peoducts. The company has 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 reiote to Moy, the First month of the plant's operation Management is ancous to assess the profabblity of the new camp cat during the month of May. Required: 1. Assume that the company uses absorption costing Dequire. a. Determine the unit product cost b. Prepare an income statement for Moy. 2. Assume that the company uses variable costing. a. Oetermine the unit product cost. b. Prepare a contribution format income statement for May. Complete this question by entering your answers in the table below. Determine the unik product cost. Assume that the company uses absorption costing. Complete this question by entering your answers in the table below. Prepare an income statement for May. Assume that the company uses absorption costing. Complete this question by entering your answers in the table below. Determine the unit product cost. Assume that the company uses varlable costing. Prepare a contribution format income statement for May. Assume that the company uses variable costing