During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 80,000 mini refrigerators, of which 72,000 were sold. Operating data for the month are summarized as follows:

1 Sales $10,800,000.00 2 Manufacturing costs: 3. Direct materials $6,400,000.00 4 Direct labor 1,600,000.00 5 Variable manufacturing cost 1,280,000.00 6. Fixed manufacturing cost 320,000.00 9,600,000.00 7 Selling and administrative expenses: 8 Variable $1,080,000.00 9 Fixed 180,000.00 1,260,000.00 Labels and Amount Descriptions Labels August 31 Cost of goods sold Fixed costs For the Month Ended August 31 Variable cost of goods sold Amount Descriptions Contribution margin Contribution margin ratio Cost of goods manufactured Fixed manufacturing costs Fixed selling and administrative expenses Labels and Amount Descriptions Gross profit Operating income Inventory, August 31 Loss from operations Manufacturing margin Planned contribution margin Sales Sales mix Selling and administrative expenses Total cost of goods sold Total fixed costs Total variable cost of goods sold Total variable cost of goods sold Variable cost of goods manufactured Variable selling and administrative expenses Absorption Costing Income Statement Nuak anugeration upany OSTRES Absorption Costing Income Statement For the Month Ended August 31 1 Sales $10,800,000.00 2 Cost of goods sold: 3 Cost of goods manufactured $9,600,000.00 4 Ending inventory 9,600,000.00 5 Cost of goods sold 8,640,000.00 6 Gross profit $2,160,000.00 1 Variable 1,260,000.00 8 Fixed $900,000.00 Variable Costing Income Statement Score: 26/102 Kodiak Fridgeration Company Variable Costing Income Statement (Label) 1 Sales $10,800,000.00 2 (Label) 3 $9,280,000.00 Variable cost of goods manufactured 4 Inventory, August 31 5 Variable cost of goods 6 7