Sheffield Products manufactures and sells a variety of camping products. Recently the company opened a new factory to manufacture a deluxe portable cooking unit. Cost and sales data for the first month of operation are shown below:

Beginning inventory

Units produced

Units sold

Manufacturing costs

Fixed overhead

Variable overhead

Direct labour

Direct material

Selling and administrative costs

Fixed

Variable

Variable

The portable cooking unit sells for $$110.$ Management is interested in the opening months results and has asked for an income statement.

$0$ units

$12,000$

$11,000$

$11,000$

$$120,000$

$$7$ per unit

$$11$ perunit

$$25$ per unit

$$204\mathrm{.}300$

$$4$ perunitsold

Assuming the company uses absorption costing: