Problem $6-20($Algo$)$ Variable and Absorption Costing Unit Product Costs and Income Statements; Explanation of Difference in Net Operating Income $[$LO$6-1,$ LO$6-2,$ LO$6-3]$

High Country, Incorporated, produces and sells many recreational products. The company 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:

$\backslash$table$[[$Beginning inventory,$0],[$Units produced,$49,000],[$Units sold,$44,000],[$Selling price per unit,$$76$