The EG Company produces and sells one product. The following data refer to the year just completed:

Beginning Inventory0units

Units produced...........................25,000

Units sold......................................20,000

Sales price per unit....................$400

Variable selling and administrative expenses per unit$15

Fixed Selling and administrative expenses (Total)$275,000

Manufacturing Costs:

Direct materials cost per unit..................................................$200

Direct labor cost per unit..........................................................$50

Variable manufacturing overhead cost per unit..............$30

Fixed manufacturing overhead (Total).................................$300,000

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?

c. make a contribution format income statement for the year using variable costing.

d. make an income statement for the year using absorption costing.