Johnson, Inc. has collected the following data for November $($there are no beginning inventories$)$:

$($Click the icon to view the data.$)$

Read the requirements.

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.

Johnson, Inc.

Income Statement $($Absorption Costing$)$

For the Month Ended November $30$

USE ONE OF THE FOLLOWING OPTIONS FOR THE DROP DOWN OPTIONS ON THE LEFT:

CONTRIBUTION MARGIN

COSTS OF GOODS SOLD

FIXED COSTS

GROSS PROFIT

NET SALES REFVENUE

SELLING ADMINISTRATIVE COSTS