Instructions Joplin Industries Ina, manufactures and sells high quality sporting goods equipment under its highly recognizable J-Sports logo. The company began operations on May 1 and operated at 100% of capacity (88,000 units) during the first month, creating an ending inventory of 8,000 units. During June, the company produoed 80.200 garments during the month but sold 86,200 units at $92 per unit. The June manufacturing costs and selling and administrative expenses were as follows: Number of Units Unit Cost Total Cost Manufacturing costs in June 1 beginning inventory: Variable 6,000 $52 $ 312.000 Fixed 6,000 3 48.000 Total 580 $360,000 Manufacturing costs in June Variable 80.200 582 $ 4.170.400 Foxed 30,200 10 802.000 Total $82 $4.072 400 Selling and administrative expenses in June Variable 86.200 $24 $ 2.083.800 Foled 80 200 4 344.800 Total 528 52.413.600 pert 200 a. Prepare an income statement according to the absorption costing concept for June. Refer to the fate of Labels and Amount Descriptions for the chances for text entries Be sure to complete the statement heading Acok () will automatically appear if it is required. Wanet fors is incurred, ent number using a minus sign Question not attempted. ur Score: 0/66 Joplin Industries Inc. Absorption Costing Income Statement (Label) Ju 2 Cost of goods sold 3 4 5 Prepare a mome statement conting to the variabh costing cool for.ne. Refer to the ints of Labels and Amount Descriptions for the can weeling of the answer chokes for alle. Be sure to complete the statement heading. An () will automatically appear is a nedos is current enter that amount as a negative number using a minus Question not attempted Score: 0/08 Joplin Industries Inc. Variable Costing Income Statement (Label) 2 3 5 # (Label) 9 10