LOO LGO Variable and Absorption Costing-Three Products Winslow Inc. manufactures and sells three types of shoes. The income statements prepared under the absorption costing method for the three shoes are as follows: Winslow Inc. Product Income Statements-Absorption Costing For the Year Ended December 31, 2011 LOO Cost of goods sold Gross profit Seling and administrative expenses Operating income Cross Training Shoes Golf Shoes Running Shoes $257,100 (172,300) $490,000 $298,900 (254,800) $235,200 (146,500) $152,400 $84,800 (202,300) (109,700) $32,900 $42,700 (141,600) $(56,800) LGO In addition, you have determined the following information with respect to allocated fixed costs: Fixed cost Cost of goods sold Selling and administrative expenses Cross Training Shoes Golf Shoes Running Shoes $78,400 $38,900 $36,000 58,800 35,900 36,000 These fixed costs are used to support all three product lines and will not change with the elimination of any one product. In addition, you have Check My Work more Check My Work uses remaining bnail.