Chapter 21 Homework eBook Show Me How $46,000 Fixed manufacturing costs Fixed selling and administrative expenses 38,000 Total fixed costs (84,000) Operating income $77,500 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 475,000 Cost of goods sold: Cost of goods manufactured Inventory, October 31 x Total cost of goods sold X Gross profit X Selling and administrative expenses X Operating income $ Feedback Check My Work Previous Next Chapter 21 Homework eBook Show Me How $46,000 Fixed manufacturing costs Fixed selling and administrative expenses 38,000 Total fixed costs (84,000) Operating income $77,500 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 475,000 Cost of goods sold: Cost of goods manufactured Inventory, October 31 x Total cost of goods sold X Gross profit X Selling and administrative expenses X Operating income $ Feedback Check My Work Previous Next