Exercise 19-13 (Algo) Prepare absorption costing income statement LO P2 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. Prepare an income statement using absorption costing. Problem 19-1A (Algo) Variable costing income statement for two consecutive years LO P2 Dowell Company produces a single product. Its income statements under absorption costing for its first two years of operation foliow. Additional information a. Sales and production data for these first two years follow. b. Variable costs per unit and fixed costs per year are unchanged during these years. The company's $31 per unit product cost using absorption costing consists of the following. c. Selling and administrative expenses consist of the following. Required: Prepare income statements for each of these two years under variable costing. (Loss amounts should be entered with a minus sign.)