Please do not give solution in image format thanku Prepare a normal-absorption-costing income statement for the first year of operation.SalesVariable costsFixed costsAdd: Cost of goods soldBridgeportCorp.Income Statement-Normal-Absorption CostingFor the Year Ended December 31, 2022LALA$69502740 During 2022, Bridgeport Corp. produced 35,910 units and sold 35,910 for $14.00 per unit. Variable manufacturing costs were $5.00per unit. Annual fixed manufacturing overhead was $71,820 ($2.00 per unit). Variable selling and administrative costs were $2.00 perunit sold, and fixed selling and administrative expenses were $30,780. Suppose the accountant for Bridgeport Corp. uses normal-absorption costing and uses the budgeted volume of 51,300 units to allocate the fixed overhead rather than the actual productionvolume of 35,910 units. The company expenses production volume variance to cost of goods sold in the accounting period in which itoccurs.(a)Calculate the manufacturing cost per unit. (Round answer to 2 decimal places, e.g. 5.25.)Manufacturing cost $eTextbook and Mediaper unit

Name: Please do not give solution in image format thanku Prepare a normal-ab
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Description: Please do not give solution in image format thanku Prepare a normal-absorption-costing income statement for the first year of operation.SalesVariable costsFixed costsAdd: Cost of goods soldBridgeportCorp.Income Statement-Normal-Absorption CostingFor