Trevor Company reports the variable costing income statement below for June. The company began the month with no finished goods Inventory. It produced 14,000 units in June, and 4,000 units remain in ending finished goods inventory 5 400,000 Balen (10,000 units) Variable expenses Variable cost of goods sold Variable selling and administrative expenses Contribution margin Fixed expenses Fixed overhead Fixed selling and administrative expenses Income $ 272,000 55,000 DOK 327 000 73,000 it 11.200 30,000 onces 41,200 5 31,800 Prepare an income statement using absorption costing. 400,000 TREVOR COMPANY Income Statement (Absorption Costing) Sales $ Cost of goods sold Gross profit Selling and administrative expenses Income $ 400,000 400,000