Spahn Corporation has the following information available for the manufacture and sale of its only product for the months of June and July. There was no work in process inventory in either month and no finished goods inventory on June 1. SPAHN CORPORATION MANUFACTURING AND SALES INFORMATION FOR ITS ONLY PRODUCT FOR MONTHS OF JUNE AND JULY PRODUCTION AND SALES DATA June July Units Produced June 12,000 July 13,000 Units Sold June 9,000 July 15,000 SALES PRICE AND COST DATA Selling price per unit $ 100.00 Manufacturing Costs: Direct materials cost per unit $8.00 Direct labor cost per unit is $20.00 Variable manufacturing overhead cost per unit $10.00 Fixed manufacturing overhead cost per month $260,000 Selling and Administrative Expenses: Variable cost per unit $4.00 Fixed cost per month $250,000

(1) prepare income statements for the months of June and July using variable costing. Round all cost per unit calculations to four decimal places and all other dollar amounts to the nearest whole dollar.

(2) prepare income statements for the months of June and July using full absorption costing. Round all cost per unit calculations to four decimal places and all other dollar amounts to the nearest whole dollar.