Absorption Costing Income Statement

On March 31, the end of the first month of operations, Sullivan Equipment Company prepared the following income statement, based on the variable costing concept:

Sullivan Equipment Company Variable Costing Income Statement For the Month Ended March 31
Sales (13,000 units)			$572,000
Variable cost of goods sold:
Variable cost of goods manufactured	$266,400
Inventory, March 31 (1,800 units)	(32,400)
Total variable cost of goods sold			234,000
Manufacturing margin			$338,000
Variable selling and administrative expenses			143,000
Contribution margin			$195,000
Fixed costs:
Fixed manufacturing costs	$59,200
Fixed selling and administrative expenses	39,000
Total fixed costs			98,200
Income from operations			$96,800

Prepare an income statement under absorption costing. Round all final answers to whole dollars.

Sullivan Equipment Company
Absorption Costing Income Statement
For the Month Ended March 31
		$
Cost of goods sold:
	$
		$
		$