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 (11,100 units) $710,400 Variable cost of goods sold: Variable cost of goods manufactured $356,200 Inventory, October 31 (2,600 units) (67,600) Total variable cost of goods sold (288,600) Manufacturing margin $421,800 Variable selling and administrative expenses (188,700) Contribution margin $233,100 Fixed costs: $68,500 Fixed manufacturing costs 44,400 Fixed selling and administrative expenses (112,900) Total fixed costs $120,200 Operating income 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: 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 Contribution margin Inventory, October 31 Fixed manufacturing costs Sales Selling and administrative expenses S s