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:

Line Item Description	Amount	Amount
Sales (10,600 units)		$678,400
Variable cost of goods sold:
Variable cost of goods manufactured	$343,200
Inventory, October 31 (2,600 units)	(67,600)
Total variable cost of goods sold		(275,600)
Manufacturing margin		$402,800
Variable selling and administrative expenses		(180,200)
Contribution margin		$222,600
Fixed costs:
Fixed manufacturing costs	$66,000
Fixed selling and administrative expenses	42,400
Total fixed costs		(108,400)
Operating income		$114,200

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

Line Item Description	Amount	Amount
		$- Select -
Cost of goods sold:
	$- Select -
	- Select -
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		$- Select -
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		$- Select -