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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:

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
Sales (220,000 units) $7,920,000
Variable cost of goods sold:
Variable cost of goods manufactured $6,360,000
Inventory, October 31 (45,000 units) (1,080,000)
Total variable cost of goods sold (5,280,000)
Manufacturing margin $2,640,000
Variable selling and administrative expenses (330,000)
Contribution margin $2,310,000
Fixed costs:
Fixed manufacturing costs $530,000
Fixed selling and administrative expenses 100,000
Total fixed costs (630,000)
Operating income $1,680,000

Prepare an income statement under absorption costing. This is what i have already, I just need remaining numbers

Maryville Equipment Company
Absorption Costing Income Statement
For the Month Ended October 31
Sales 7920000
Cost of goods sold:
Cost of goods manufactured 6890000
Inventory, October 31
Total cost of goods sold
Gross profit
Selling and administrative expenses 430000
Operating income

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