ofinvoker=&takeAssignmentSessionLocator=&inprogress=false dule 5 Homework (Chapter 21) eBook Sales (16,000 units) $896,000 Cost of goods sold: Cost of goods manufactured $693,500 Less ending inventory (3,000 units) 109,500 Cost of goods sold 584,000 Gross profit $312,000 Selling and administrative expenses 88,000 Income from operations $224,000 a. Prepare a variable costing income statement, assuming that the fixed manufacturing costs were $57,000 and the variable selling and administrative expenses were $40,000. In your computations, round unit co to two decimal places and round final answers to the nearest dollar. Rhys Company Income Statement-Variable Costing For the Month Ended July 31 Sales 896,000 Variable cost of goods sold: Variable cost of goods manufactured Less ending inventory Variable cost of goods sold Manufacturing margin Variable selling and administrative expenses Contribution margin Fixed costs: X Fixed manufacturing costs 693,500 Fixed selling and administrative expenses