Joplin Industries Inc., manufactures and sells high-quality Sporting Goods equipment under its highly recognizable 1-Sports loge. The company began operations on May 1 and operated at 100% of capacity (69,200 units) during the first month, Creating an ending inventory of 6,300 units. During Jure, the company produced 63,000 ans during the month but sold 69,200 units al 595 per unit. The manufacturing costs and selling and administrative experts were as follows: Number of Unit Total Units Cost Cost Manufacturing costs in June 1 beginning intory: Variable 6,300 S.CO 5239,400 Fixed 6,300 14.00 BA,200 Total $52.00 $327,600 Manuladuring costs in Variable 63.000 $38.00 $2,194,000 Fixed 63.000 15.40 970,200 553.4053,364,200 Selling and administrative eine Variable 69,300 18.20 $1,261,260 Fixed 69,300 7.00 485,100 25.20 $1,745,360 To 2. Prepare an income statement according to the absorption costing concept for June Joplin Industries Inc Absorption Costing Income Statement For the Month Ended June 30 Sales Cost of good old Beginning inventory Cost of goods manufactured Total cost of goods sold Gross profit Selling and administrative expenses Income from operations 0000 Check Underworpion coding, logo urediti in mateix, direct box, and factory Bold and web diory included a part of factory and Lusing Out b. Prepare an income statement according to the variable costing concept for Jane Joplin Industries Inc. Variable Costing Income Statement For the Month Ended June 30 Sales Variable cost of goods sold Manufacturing margin Variable selline and administrative Contribution margin: Fedot Fixed manufacturing costs Fixed selling and administrative expens 00 Totallised Income from operations Pee