(SHOW YOUR WORK) 1. Oakes Corporation, which has onty one product, has provided the following data concerning its most recent month of operations: Selling price $108 Units in beginning inventory Units produced 1,100 Units sold 900 Units in ending inventory 200 Variable costs per unit: Direct materials $28 Direct Eabor $30 Variable manufacturing overhead $7 Variable selling and administrative $11 Fixed costs: Fixed manufacturing overhead $14,300 Fixed selling and administrative $1 ,800 Required: a. Prepare a contribution format income statement for the month using variable costing. b. Prepare an income statement for the month using absorption costing.