Mahugh Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price	$	186
Units in beginning inventory		0
Units produced		3,690
Units sold		3,120
Units in ending inventory		570
Variable costs per unit:
Direct materials	$	56
Direct labor	$	52
Variable manufacturing overhead	$	8
Variable selling and administrative	$	18
Fixed costs:
Fixed manufacturing overhead	$	121,770
Fixed selling and administrative	$	9,360

QUESTION: Prepare an income statement for the month using absorption costing.

MAHUGH CORPORATION
Income Statement
		0
Selling and administrative expenses:
		0
		$0