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Data Table Units produced and sold 600 units Sales price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs 350 per unit 62 per unit 63 per unit 16 per unit 10,500 per month 10 per unit 4,450 per month Print Print [ Done] Done Salem, Inc. has collected the following data for November (there are no beginning inventories): B (Click the icon to view the data.) Read the requirements. Requirements - X Aswer to 1. Using absorption costing, calculate the unit product cost. 2. Prepare an income statement using the traditional format. Print Print Done Done] Income Statement (Absorption Costing) Requirement 1. Using absorption costing, calculate the unit product cost. (Round your final answer to the nearest cent.) Absorption costing Unit product cost Requirement 2. Prepare an income statement using the traditional format. Salem, Inc. Income Statement (Absorption Costing) For the Month Ended November 30 Contribution Margin Cost of Goods Sold Fixed Costs Gross Profit Net Sales Revenue Selling and Administrative Costs the input fields and then continue to the next question. (?) Variable Costs Requirement 2. Prepare an income statement using the traditional format. Salem, Inc. Income Statement (Absorption Costing) For the Month Ended November 30 Operating Income Choose from any list or enter any number in the input fields and then continue to the next

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