Qasimi Company, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price	$105
Units in beginning inventory	0
Units produced	20,000
Units sold	17,000
Units in ending inventory	3,000
Variable costs per unit:
Direct materials	$32
Direct labor	$27
Variable manufacturing overhead	$8
Variable selling and administrative	$5
Fixed Costs
Fixed manufacturing overhead	$220,000
Fixed selling and administrative	$170,000

Required:

1. what is the unit product cost for the month under variable costing?
2. what is the unit product cost for the month under absorption costing?
3. prepare an income statement for the month using the contribution format and the variable costing method.
4. prepare an income statement for the month using the traditional format and the absorption costing method.