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

Beginning inventory		0
Units produced		28,100
Units sold		21,900
Sales price per unit	$	410
Selling and administrative expenses:
Variable per unit	$	23
Fixed (total)	$	306,600
Manufacturing costs:
Direct materials cost per unit	$	229
Direct labor cost per unit	$	58
Variable manufacturing overhead cost per unit	$	36
Fixed manufacturing overhead	$	421,500

Assume that direct labor is a variable cost.

Required:

a.	Compute the cost of a single unit of product under both the absorption costing and variable costing approaches. (Omit the "$" sign in your response.)

	Cost per unit
Absorption costing	$
Variable costing	$

b.	Prepare an income statement for the year using absorption costing. (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "$" sign in your response.)

Absorption Costing Income Statement
(Click to select)SalesNet operating income (loss)Cost of goods soldSelling and administrative expensesGross margin	$
(Click to select)Net operating income (loss)Selling and administrative expensesGross marginSalesCost of goods sold
(Click to select)Cost of goods soldGross marginSalesSelling and administrative expensesNet operating income (loss)
(Click to select)Net operating income (loss)Cost of goods soldSalesSelling and administrative expensesGross margin
(Click to select)Net operating income (loss)SalesSelling and administrative expensesCost of goods soldGross margin	$

c.	Prepare a contribution format income statement for the year using variable costing. (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "$" sign in your response.)

Variable Costing Income Statement
(Click to select)SalesNet operating income (loss)Contribution marginVariable cost of goods soldSelling and administrative expensesManufacturing overheadVariable selling and administrative expenses		$
Variable expenses:
(Click to select)Net operating incomeContribution marginSalesFixed manufacturing overheadFixed selling and administrative expensesVariable cost of goods soldVariable selling and administrative expenses	$
(Click to select)SalesFixed manufacturing overheadNet operating incomeContribution marginVariable selling and administrative expensesFixed selling and administrative expensesVariable cost of goods sold
(Click to select)Selling and administrative expensesVariable selling and administrative expensesContribution marginSalesVariable cost of goods soldManufacturing overheadNet operating income (loss)
Fixed expenses:
(Click to select)Fixed selling and administrative expensesFixed manufacturing overheadNet operating incomeVariable cost of goods soldSalesVariable selling and administrative expensesContribution margin
(Click to select)Variable cost of goods soldFixed manufacturing overheadNet operating incomeVariable selling and administrative expensesContribution marginSalesFixed selling and administrative expenses
(Click to select)Manufacturing overheadSalesSelling and administrative expensesVariable selling and administrative expensesNet operating income (loss)Contribution marginVariable cost of goods sold		$

d.	Reconcile the absorption costing and variable costing net operating income figures in (b) and (c) above. (Omit the "$" sign in your response.)

Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes
Net operating income under variable costing	$
(Click to select)AddDeduct: (Click to select)Fixed manufacturing overhead costs deferred in inventory under absorption costingFixed manufacturing overhead costs released from inventory under absorption costing
Net operating income under absorption costing	$

Steps on how you obtained the amounts would be great help for to use to study and understand the problem more effieciently. Thanks in advance