Absorption Costing Income Statement On October 31, the end of the first month of operations, Maryville Equipment Company prepared the following income statement, based on the variable costing concept: Maryville Equipment Company Variable Costing Income Statement Sales (13,300 units) For the Month Ended October 31 $638,400 Variable cost of goods sold: Variable cost of goods manufactured $288,800 Inventory, October 31 (1,900 units) (36,100) Total variable cost of goods sold (252,700) Manufacturing margin $385,700 Variable selling and administrative expenses Contribution margin Fixed costs: Fixed manufacturing costs (159,600) $226,100 $60,800 Fixed selling and administrative expenses 39,900 Total fixed costs (100,700) Operating income $125,400 Prepare an income statement under absorption costing. Round all final answers to whole dollars. Maryville Equipment Company Absorption Costing Income Statement For the Month Ended October 31 Cost of goods sold: