Variahie Costing, Absorption Costing

During its first year of operations, Snobegon, Inc. $($iocated in Lake Snobegon, Minnescta$),$ produced $40,600$ plastic snow scuops. Snow scops are oversized shovel$-$type scoops that are used so push snow away. Unit sales ware $38,300$ scoops. Fxed Duerhead was applied at $$0\mathrm{.}70$ per unit produced. Fixed overhead was underapplied by $$3,000.$ This fred overhead variance wBs ciosed to Cost of Goods Sold. There was no varlable: averhead varlance. The results of the year's operations are as follows $($on an absorption$-$costing oaris$)$:

Sales units of $$20$

Lere: Cost of gouds scid

Gross margin

Lers: Selling and administrative expenses $($ail fived$)$

operating incame

Required:

$\backslash$table$[[$$$755,000$