PLEASE SHOW ALL WORK SO I CAN LEARN

During the first month of operations ended May 31, Big Sky Creations Company produced 56,000 designer cowboy boots, of which 52,450 were sold. Operating data for the month are summarized as follows:

1a. Using the absorption costing concept, prepare income statements for May. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. A colon (:) will automatically appear if it is required. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount. For example: Net loss should be negative.

I don't know if the labels and descriptions right... or the numbers

Labels

June 30

Cost of goods sold

Fixed costsFor the Month Ended June 30

For the Month Ended May 31

May 31

Variable cost of goods sold

Amount Descriptions

Contribution margin

Contribution margin ratio

Cost of goods manufactured

Fixed manufacturing costs

Fixed selling and administrative expenses

Gross profitOperating income

Inventory, June 1

Inventory, May 31

Operating loss

Manufacturing margin

Planned contribution margin

SalesSales mix

Selling and administrative expenses

Total cost of goods sold

Total fixed costs

Total variable cost of goods sold

Variable cost of goods manufactured

Variable selling and administrative expenses

1 Sales $839,200.00 2 Manufacturing costs: 3 Direct materials $425,600.00 4 Direct labor 123,200.00 5 Variable manufacturing cost 67,200.00 6 56,000.00 672,000.00 Fixed manufacturing cost 7 Selling and administrative expenses: 8 Variable $31,470.00 9 Fixed 26,225.00 57,695.00 Big Sky Creations Company Absorption Costing Income Statement For the Month Ended May 31 1 Sales $839,200.00 2 Cost of goods sold: 3 Cost of goods manufactured $672,000.00 4 Inventory, May 31 37,649.01 5 Total cost of goods sold 6 Gross profit 7 Selling and administrative expenses 57,695.00 8 Operating income