On October 31, the end of the first month of operations, Maryville Equipment Company prepared the following income statement, based on the variable costing concept:

Maryville Equipment Company Variable Costing Income Statement For the Month Ended October 31

Line Item Description	Amount	Amount
Sales (14,500 units)		$696,000
Variable cost of goods sold:
Variable cost of goods manufactured	$311,600
Inventory, October 31 (1,900 units)	(36,100)
Total variable cost of goods sold		(275,500)
Manufacturing margin		$420,500
Variable selling and administrative expenses		(174,000)
Contribution margin		$246,500
Fixed costs:
Fixed manufacturing costs	$65,600
Fixed selling and administrative expenses	43,500
Total fixed costs		(109,100)
Operating income		$137,400

Prepare an income statement under absorption costing. Round all final answers to whole dollars.

Maryville Equipment Company Absorption Costing Income Statement For the Month Ended October 31

Line Item Description	Amount	Amount
Sales		$
Cost of goods sold:
Cost of goods manufactured	$
Inventory, October 31	$
Total cost of goods manufacture		$
Gross profit		$
Selling and administrative expenses		$
Operating income / Loss from operations		$