PROBLEM $6-20$ Variable and Absorption Costing Unit Product Costs and Income Statements; Explanation of Difference in Net Operating Income

High Country, Inc., 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$[[\backslash$table$[[$Table Summary: A table has two columns. Column $1$ lists account names, while Column $2$ lists$],[$dollar amounts.$]],],[$Beginning inventory,$0],[$Units produced,$10,000],[$Units sold,$8,000],[$Selling price per unit,$$75$