Income Statements under Absorption Costing and Variable Costing

Fresno Industries Inc. manufactures and sells high$-$quality camping tents. The company began operations on January $1$ and operated at $100\%$ of capacity $(59,400$ units$)$ during the first month, creating an ending inventory of $5,400$ units. During February, the company produced $54,000$ units during the month but sold $59,400$ units at $$110$ per unit. The February manufacturing costs and selling and administrative expenses were as follows:

$\backslash$table$[[,\backslash$table$[[$Number of$],[$Units$]],\backslash$table$[[$Unit$],[$Cost$]],\backslash$table$[[$Total$],[$Cost$]]],[$Manufacturing costs in February $1$ beginning inventory:$],[$Variable$,5,400,$$$44\mathrm{.}00,$$$237,600$