Anacapa Inc. manufactures lotion that sell for $12.00 per unit. The business had no inventory on May 1. The following data summarized the May and June operations: April May 8,000 7,000 6,000 9,000 $4.80 $27,000 $4.80 $27,000 Units sold Units produced Costs: Variable factory overhead per unit Fixed factory overhead - total Variable administrative per unit Fixed administrative - total Problem 4-3 Using absorption costing, the gross margin for June is: $1.20 $1.20 $6,000 $6,000 $33,600 $48,000 $20,400 0 $42,000