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 (8,800 units)		$457,600
Variable cost of goods sold:
Variable cost of goods manufactured	$228,900
Inventory, October 31 (2,100 units)	(44,100)
Total variable cost of goods sold		(184,800)
Manufacturing margin		$272,800
Variable selling and administrative expenses		(123,200)
Contribution margin		$149,600
Fixed costs:
Fixed manufacturing costs	$43,600
Fixed selling and administrative expenses	35,200
Total fixed costs		(78,800)
Operating income		$70,800

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

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