Trevor Company reports the variable costing income statement below for June. The company began the month with no finished goo Inventory. It produced 11,000 units in June, and 2,500 units remain in ending finished goods inventory. Sales (8,500 units) $ 340,000 Variable expenses Variable cont of goods sold $ 244,000 Variable selling and administrative expenses 40,000 284,000 Contribution margin 56,000 Fixed expenses Tixed overhead 7.700 Fixed selling and administrative expenses 16,500 24,200 Income $ 31,800 5 Prepare an income statement using absorption costing. TREVOR COMPANY Income Statement (Absorption Costing)