Read, Inc. manufactures books. Last month they produced 12,000 books and sold 10,000 books. Operating data for the month of July is as follows.

Sales	$900,000
Variable Manufacturing Costs	720,000
Fixed Manufacturing Costs	120,000
Variable Operating Expenses	60,000
Fixed Operating Expenses	48,000

Prepare an Income Statement using Variable Costing

Do not use dollar signs, commas, or negative numbers.

Read, Inc.
Operating Income Statement-Variable Costing
July 31, 2019

Sales
Variable Costs
Variable Cost of Goods Sold
Variable Manufacturing Costs
Ending Inventory
Variable Cost of Goods Sold
Variable Operating Expenses
Variable Costs
Contribution Margin
Fixed Costs
Fixed Manufacturing
Fixed Operating Expenses
Total Operating Expenses
Operating Profit