. On November 30, the end of the first month of operations, Weatherford Company prepared the following income statement, based on the absorption costing concept: Weatherford Company Absorption Costing Income Statement For the Month Ended November 30 $2,200,000.00 3 $2,016,000.00 4 Sales (22,000 units) Cost of goods sold Cost of goods manufactured (25,200 units) Inventory, November 30(5,200 units) Total cost of goods sold Gross profit Selling and administrative expenses (256,000,00) 15 1.760,000.00 $440,000.00 160,000.00 Income from operations $280,000.00 Fixed costs For the Month Ended November 30 November 30 Amount Descriptions Contribution margin Contribution margin ratio Fixed manufacturing costs Fixed selling and administrative expenses Gross profit Income from operations Inventory, November 30 Loss from operations Manufacturing margin Planned contribution margin Sales Sales mix Total fixed costs Total variable cost of goods sold Variable cost of goods manufactured Variable cost of goods sold Variable selling and administrative expenses Weatherford Company Variable Costing Income Statement For the Month Ended November 30 1 Sales 2 3 4 5 Total variable cost of goods sold 6 w 7 8 9 Fixed costs: 10 $201.600.00 Fixed manufacturing costs 11 Fixed selling and administrative expenses 12 Total fixed costs 110,000.00 311,600.00 13 Income from operations