Waterway Golf Ltd. produces and sells special golf balls for $21.00 for a pack of three. In May 2022 , the company manufactured 33,900 packs (its normal volume) and sold 31,640 packs. The beginning inventory on May 1, 2022, was 5,650 packs. Production information for May 2022 is as follows: Calculate the total cost per pack under both absorption and variable costing. (Round per unit calculations and final answers to 2 decimal places, e.g. 15.25.) 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 eg. 2,945 or parentheses e.g. 2,945). Round per unit calculations to 2 decimal places, e.8. 15.25 and final answers to 0 decimal places, eg. 125.) Sales Cost of goods sold Selling and administrative costs Net income / (loss) Gross profit Contribution margin Manufacturing overhead Operating expenses Cost of goods available for sale Cost of goods manufactured May 31, 2022 For the Month Ended May 31, 2022 For the Year Ended May 31, 2022 WATERWAYGOLF LTD. Variable-Costing Income Statement Sales in units $ May 31, 2022 For the Month Ended May 31, 2022 For the Year Ended May 31, 2022 Sales Variable costs Variable cost of goods sold Variable selling costs Total variable costs Contribution margin Fixed costs Net income / (loss) Variable cost of goods manufactured Variable cost of goods available for sale Reconcile the operating income calculated under absorption costing with the operating income calculated under variable costing Assume that Aprii's costs were the same as those of May. (Enter loss using either a negative sign preceding the number e8.-2,945 or parentheseses. (2,945). Round per unit colculations to 2 decimal places, es. 15.25 and final answers to 0 decimal places es. 125.)