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Joplin Industries Inc. manufactures and sells high-quality sporting goods equipment under its highly recognizable J- Sports logo. The company began operations on May 1 and operated at 100% of capacity (88,000 units) during the first month, creating an ending inventory of 6,000 units. During June, the company produced 80,200 garments during the month but sold 86,200 units at $92 per unit. The June manufacturing costs and selling and administrative expenses were as follows: Number of Units Unit Cost Total Cost Manufacturing costs in June 1 beginning inventory: Variable 6,000 $52 $ 312,000 Fixed 6,000 8 48,000 a Total $60 $360,000 Manufacturing costs in June: Variable 80,200 $52 $ 4,170,400 Fixed 80,200 10 802,000 Total $62 $4,972,400 Selling and administrative expenses in June: Variable 86,200 $24 $ 2,068,800 Fixed 86,200 4 344,800 Total $28 $2,413,600 Joplin Industries Inc. Score: 36/66 st Absorption Costing Income Statement For the Month Ended June 30 0 1 Sales $7,930,400.00 2 Cost of goods sold: Cost of goods manufactured 4 Beginning inventory 3 20 5 0 6 Gross profit * Selling and administrative expenses 8 Income from operations 0 Rive ex Score: 2/88 Joplin Industries Inc Variable Costing Income Statement For the Month Ended June 30 1 2 3 4 5 6 (Label) 7 3 10 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 $3,920,000.00 3 $2,608,000.00 1 Sales (28,000 units) 2 Cost of goods sold: Cost of goods manufactured (32,600 units) Inventory, November 30 (4,600 units) Total cost of goods sold 6 Gross profit 7 Selling and administrative expenses 4 (368,000.00) 5 2,240,000.00 $1,680,000.00 175,000.00 8 Income from operations $1,505,000.00 If the fixed manufacturing costs were $260,800 and the fixed seling and administrative expenses were $140,000, prepare an income statement according to the variable costing concept. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon () will automatically appear il required. Enter al amounts as positive numbers. Round your cost per unit answer to 2 decimal places & final answers to nearest whole dollar Weatherford Company Variable Costing Income Statement Label -1 3 3 3 4 5 6 7 1 Label 10 11 12 If the fixed manufacturing costs were $260,800 and the fixed selling and administrative expenses were $140,000, prepare an income fament in the hannot Rear the ete whaled Ameerimine in the ever the Labels and Amount Descriptions Labels 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 Marinhin nanofanede mandatud 9cd he warianta metin minnant Rafar in the lite fi sale and Amunt 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