Joplin Company

Absorption Costing Income Statement

For the Month Ended April $30$

Sales $(5,800$ units$)$

$$145,000$

Cost of goods sold:

Cost of goods manufactured $(6,700$ units$)$

$$120,600$

Inventory, April $30(900$ units$)$

$(16,200)$

Total cost of goods sold

Gross profit

Selling and administrative expenses

Operating income

If the fixed manufacturing costs were $$26,532$ and the fixed selling and administrative expenses were $$11,600,$ 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 $30$

Line Item Description

Amount

Amount

Variable cost of goods sold:

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