On June 30, the end of the first month of operations, Bastile Company prepared the following income statement, based on the absorption costing concept Bastile Company Absorption Costing Income Statement For the Month Ended June 30, 2016 1 Sales (22,000 units 2 Cost of goods sold: $2,200,000.00 Cost of goods manufactured (25,200 units) 4Less ending inventory (3,200 units) S Cost of goods sold s Gross Profit 2,016,000.00 256,000.00 1,760,000.00 440,000.00 160,00000 280,000.00 Selling and administrative expenses 8 Income from operations