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Exercise 19.9 Income statement under absorption costing and variable costing LO P1, P2 [The following information applies to the questions displayed below.] Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $140 per unit. Exercise 19.9 Part 1b 1b. Assume the company uses absorption costing. Prepare its income statement for the year under absorption costing. Exercise 199 Part 2a 20. Assume the company uses variable costing. Determine its product cost per unit. 2a. Assume the company uses variable costing. Determine its product cost per unit. Required information Exercise 19-9 Income statement under absorption costing and variable costing LO P1, P2 [The following i formation applies to the questions displayed below.] Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the com produced 44.000 units and sold 36,000 units at a price of $140 per unit. 2b. Assume the comj uses variable costing. Prepare its income statement for the year under variable costing