Question 4 Blue Mountain Products manufactures and sells a variety of camping goods. Recently, the company opened a new plant to manufacture a lightweight, self-standing tent. Cost and sales data for the first month of operations (June 2020) are as follows: Manufacturing costs Fixed overhead Variable overhead $218,400 $3.90 per tent $15.90 per tent $41.60 per tent Direct labour Direct material O tents Beginning inventory Tents produced 10,500 8,900 Tents sold Selling and administrative costs Fixed $390,500 $5.40 per tent sold Variable The tent sells for $149. Management is interested in the opening month's results and has asked for an income statement. (a) Assuming the company uses absorption costing: 1. Calculate the manufacturing cost per unit. (Round answer to 2 decimal places, e.g. 25.75.) Manufacturing cost per unit 2. Prepare an absorption-costing income statement for the month of June 2020. (Round per unit calculations to 2 decimal places, e.g. 15.25 and final answers to o decimal places, e.g. 125.) BLUE MOUNTAIN PRODUCTS Income Statement-Absorption Costing $ + + LINK TO TEXT LINK TO TEXT LINK TO TEXT