Labels and Amount Descriptions Absorption Costing Income Statement Instructions During the first month of operations ended May 31, 2016, Frost Point Fridge Company manufactured 40,000 mini refrigerators, of which 36,000 were sold. Operating data for the month are summarized as follows: Salles 1 Manufacturing conts: 1Direct materials 8280,000.00 $2,800000.00 1,200,000.00 800,000.00 Direct Labor Variable manufacturing cos Fxed manufactuaing cost Seling and administrative expees s 60,000.00240,000.00 5-4000000 16,00000 756000 Variabile Fland