keAssignment takeAsignmentMaindo?invoker-saved&takessignmentsessionl.ocator-assinment takeinprogress 0 Variable Costing Income Statement On November 30, the end of the first month of operations, Weatherford Company prepared absorption costing concept: the following income statement, based on the Weatherford Company Absorption Costing Income Statement For the Month Ended November 30 Sales (2,500 units) Cost of goods sold: $37,500 Cost of goods manufactured (3,000 units) $33,000 Inventory, November 30 (400 units) Total cost of goods sold Gross profit Selling and administrative expenses Income from operations Assume the fixed manufacturing costs were $7,260 and the fixed selling and Prepare an income statement according to the variable costing concept. Round all final answers to whole dollars 4,400 28,600 $3,900 5,660 $3,240 administrative expenses were $2,770. Weatherford Company Variable Costing Income Statement For the Month Ended November 30 Previous Next Check My Work