Denton Company manufactures and sells a single product Cost data for the product are given: labor 10 manuf ing overhead Total s 20 Fixed s 72,000 163,000 235,000 The product sells for $50 per unit. Production and sales data for July and August, the first two months of operations, follow Sold 14,000 July 18,000 August 18,000 22,000 Sales Cost of goods sold Gross margin Selling and administrative expenses $700,000 1,100,000 378,000 177,000 594,000 185,000 s201,000409,000