This is the information for the month of May 2020 for Gowsell Company s 119 370 6,420 6,330 460 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense nin 22 2 18 $141, 240 $ 56,970 a. Prepare a contribution format income statement for the month using variable costing b. Prepare an income statement for the month using absorption costing Prepare a contribution format income statement for the month using variable costing. Variable Costing Income Statement Variable expenses Fixed expenses Prepare an income statement for the month using absorption costing. Absorption Costing Income Statement