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 For the Month Ended October 31 Sales (11,600 units) $742,400 Variable cost of goods sold: Variable cost of goods manufactured $369,200 Inventory, October 31 (2,600 units) (67,600) Total variable cost of goods sold (301,600) Manufacturing margin $440,800 Variable selling and administrative expenses Contribution margin Fixed costs: (197,200) $243,600 Fixed manufacturing costs $71,000 Fixed selling and administrative expenses 46,400 Total fixed costs (117,400) Operating income $126,200 Prepare an income statement under absorption costing. Round all final answers to whole dollars.