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 $(125,000$ units$)$ during the first month, creating an ending inventory of $18,000$ units. During February, the company produced $107,000$ units during the month but sold $125,000$ units at $$560$ 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 irtebruary $1$ beginning inventory:$],[$Variable$,18,000,$$$280\mathrm{.}00,$$$5,040,000$