I need some help with the questions above please. Please show any and all work so that I can learn how to do it.

High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant's operation: 0 10,000 8,000 $75 Selling and administrative expenses: $6 Manufacturing costs: Direct materials cost per unit . .. $20 $8 $2 $100,000 . . . .. .. . . .. . Varlable manufacturing overhead cost per unit....... Management is anxious to see how profitable the new camp cot will be and has asked that an income statement be prepared for May Required: 1. Assume that the company uses absorption costing. a. Determine the unit product cost. b. Prepare an income statement for May. 2. Assume that the company uses variable costing a. Determine the unit product cost b. Prepare a contribution format income statement for May. 3. Explain the reason for any difference in the ending inventory balances under the two costing methods and the impact of this difference on reported net operating income