Wynter Company manufactures and sells a single product. Its budgeted production stands at 25 000 units. The following costs were incurred during 2017, the companys first year of operations. Variable cost per unit Production Direct materials $18 Direct labour 7 Variable manufacturing overhead 2 Fixed costs per year Manufacturing overhead $150 000 Selling and administrative $110 000 During 2017, the company produced 20 000 units and sold 16,000 units. The selling price of the companys product is $50 per unit Required: c) Assume that the company uses the Marginal costing method: i. Compute the cost of producing one unit of product. ii. Prepare an income statement for 2017. d) Reconcile the profits.