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 (8,600 units)			$361,200
Variable cost of goods sold:
Variable cost of goods manufactured	$175,100
Inventory, October 31 (1,700 units)	(28,900)
Total variable cost of goods sold			(146,200)
Manufacturing margin			$215,000
Variable selling and administrative expenses			(94,600)
Contribution margin			$120,400
Fixed costs:
Fixed manufacturing costs	$30,900
Fixed selling and administrative expenses	25,800
Total fixed costs			(56,700)
Operating income			$63,700

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		$fill in the blank 2
Cost of goods sold:
Cost of goods manufactured	$fill in the blank 4
Inventory, October 31	fill in the blank 6
Total cost of goods sold		fill in the blank 8
Gross profit		$fill in the blank 10
Selling and administrative expenses		fill in the blank 12
Operating income		$fill in the blank 14