Joplin Company Absorption Costing Income Statement For the Month Ended April 30 Sales (5,500 units) $192,500 Cost of goods sold: Cost of goods manufactured (6,400 units) $160,000 Inventory, April 30 (900 units) (22,500) Total cost of goods sold (137,500) Gross profit $55,000 Selling and administrative expenses (33,280) Operating income $21,720 If the fixed manufacturing costs were $40,000 and the fixed selling and administrative expenses were $16,300, prepar Joplin Company Variable Costing Income Statement For the Month Ended April 30 Sales Variable cost of goods sold Variable cost of goods manufactured Inventory, April 30 Total variable cost of goods sold Manufacturing margin Variable selling and administrative experises Contribution margin Fixed Costs. Fixed manufacturing costs Fixed selling and administrative expens Total fixed costs Operating income Check My Work