Trevor Company reports the variable costing income statement below for June. The company began the month with no finished goods inventory. It produced 11,200 units in June, and 2,600 units remain in ending finished goods inventory $ 301,000 $ 201,000 41,000 Sales (8,600 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 242,000 59,000 8,960 17,400 26, 360 $ 32,640 Prepare an income statement using absorption costing. TREVOR COMPANY Income Statement (Absorption Costing)