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6. On January 1 of the current year, Townsend Co. commenced operations. It operated its plant at 100% of capacity during January. The following data

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6. On January 1 of the current year, Townsend Co. commenced operations. It operated its plant at 100% of capacity during January. The following data summarized the results for January Production Sales ($20 per unit) Inventory, January 31 Units 50,000 42,000 Manufacturing costs Variable Fixed $575,000 80,000 $655,000 Total Selling and administrative expenses Variable Fixed $ 35,000 10,500 Total Required:Prepare a variable costing income statement using the information above

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