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

Selling price $ $157$

Units in beginning inventory $0$

Units produced $3,710$

Units sold $3,490$

Units in ending inventory $220$

Variable costs per unit:

Direct materials $ $47$

Direct labor $ $50$

Variable manufacturing overhead $ $9$

Variable selling and administrative expense $ $11$

Fixed costs:

Fixed manufacturing overhead $ $118,720$

Fixed selling and administrative $ $10,470$

Required:

a$.$ What is the unit product cost for the month under variable costing?

b$.$ What is the unit product cost for the month under absorption costing? $($provide a collapsed cost of goods sold number. In otherwords, one number rather than the components of inventory$).$

c$.$ Prepare a contribution format income statement for the month using variable costing. $($provide a collapsed cost of goods sold number. In otherwords, one number rather than the components of inventory$).$

d$.$ Prepare an income statement for the month using absorption costing.

e$.$ Reconcile the variable costing and absorption costing net operating incomes for the month.