urrent Attempt in Progress Coronado Golf Ltd. produces and sells special golf balls for $22.00 for a pack of three. In May 2022, the company manufactured 31,800 packs (its normal volume) and sold 29,680 packs. The beginning inventory on May 1, 2022, was 5,300 packs. Production information for May 2022 is as follows: Direct manufacturing labour per pack 15.00 minutes Fixed selling and administrative costs $42,400 Fixed manufacturing overhead $139,920 Direct materials costs per pack $3.00 Direct labour rate per hour $24.00 Variable manufacturing overhead per pack $4.00 Variable selling expenses per pack $3.00 Calculate the total cost per pack under both absorption and variable costing. (Round per unit calculations and final answers to 2 decimal places, eg. 15.25.) 20 W Prepare income statements in good form for the month ended May 31, 2022, under absorption and variable costing. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945). Round per unit calculations to 2 decimal place e.g. 15.25 and final answers to O decimal places, e.g. 125.) Sales in units CORONADOGOLF LTD. Absorption-Costing Income Statement For the Month Ended May 31, 2022 29680 Sales Less Cost of goods sold Gross profit Less v Selling and administrative costs Net income/(loss) $