Wiengot Antennas, Inc., produces and sells a unique type of TV antenna. The company has just opened a new plant to manufacture the antenna, and the following cost and revenue dats have been provided for the first month of the plant's operation in the form of a worksheet Beginning inventory Units produced Units sold Selling price per unit 40,000 35,000 $80 Selling and administrative expenses: Variable per unit Fixed per month $2 $ 580,000 Manufacturing costs: Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manufacturing overhead cost per month $15 S7 $2 $640,000 Because the new antenna is unique in design, management is anxious to see how profitable it will be and has asked that an income statement be prepared for the month. Required 1. Assume that the company uses absorption costing. a. Determine the unit product cost. nit product cost b. Prepare an income statement for the month. Absorption Costing Income Statement