Cambridge Company reports the following information for June:

$($Click the icon to view the amounts.$)$

Calculate the gross profit and operating income for June using absorption costing.

Begin by selecting the labels and entering the amounts to compute the contribution margin. Then, select the labels and enter the amounts to compute the operating income.

Absorption Costing

$$ Data table

Gross Profit

Net Sales Revenue

Variable Cost of Goods Sold

Fixed Cost of Goods Sold

$ $725,000$

Variable Selling and Administrative Costs

$235,000$

$182,000$

Fixed Selling and Administrative Costs $,69,000$