CengageNow.land Absorption and Variable conting Income Statements During the first month of operations ended July 31, Yosan Inc, manufactured 11,900 lat panel televisions, of which 10,900 were sold Operating data for the month are summatred as follows: $1,962,000 Sales $3,011,500 297,500 261,800 130,900 2,701,700 Manufacturing costs Direct materials Direct labor Variable manufacturing cost Fixed manufacturing cost Selling and administrative expenses Vartable Fored Required: $152,600 70,200 222,800 1. Prepare an income statement based on the absorption costing concept YoSon Inc Absorption Costing Income Statement For the Month Ended July 31 11,00 Cost of goods sold Cost of oude manufactured Inventory 10 100 Total cost of goods sold 11.30 230 Selling and administrative supenes Los from operations 10