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 $612,000 $302,400 (57,600) Sales (10,200 units) Variable cost of goods sold: Variable cost of goods manufactured Inventory, October 31 (2,400 units) Total variable cost of goods sold Manufacturing margin Variable selling and administrative expenses Contribution margin Fixed costs: Fixed manufacturing costs Fixed selling and administrative expenses (244,800) $367,200 (163,200) $204,000 $63,000 40,800 Total fixed costs (103,800) Operating income $100,200 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 Sales 612,000 Cost of goods sold: Cost of goods manufactured 365,400 Inventory, October 31 Total cost of goods sold Gross profit Selling and administrative expenses Operating income Feedback