The product sells for $60 per unit. Production and sales data for July and August, the first two months of operations, follow: The company's Accounting Department has prepared the following absorption costing income statements for July and August: Required: 1. Determine the unit product cost under: a. Absorption costing. b. Variable costing. 2. Prepare variable costing income statements for July and August. 3. Reconcile the variable costing and absorption costing net operating incomes