eBook Show Me How Variable Costing Income Statement On April 30, the end of the first month of operations, Joplin Company prepared the following income statement, based on the absorption costing concept Joplin Company Absorption Costing Income Statement For the Month Ended April 30 Sales (5,300 units) $132,500 Cost of goods sold: Cost of goods manufactured (6,300 units) $113,400 Inventory, April 30 (900 units) (16,200) Total cost of goods sold (97,200) Gross profit $35,300 Selling and administrative expenses (21,460) Operating income $13,840 CO If the fixed manufacturing costs were $26,082 and the fixed selling and administrative expenses were $10,510, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. Joplin Company Variable Costing Income Statement For the Month Ended April 30 Variable cost of goods sold: Previous Next>