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Sales (3,000 units) Cost of goods sold: Cost of goods manufactured (3,500 units) Inventory, April 30 (500 units) Total cost of goods sold Gross profit
Sales (3,000 units) Cost of goods sold: Cost of goods manufactured (3,500 units) Inventory, April 30 (500 units) Total cost of goods sold Gross profit Selling and administrative expenses Operating income Sales Joplin Company Absorption Costing Income Statement For the Month Ended April 30 If the fixed manufacturing costs were $10,010 and the fixed selling and administrative expenses were $4,3 dollars. Variable cost of goods sold: Variable cost of goods manufactured Inventory, April 30 Total variable cost of goods sold Fixed costs: Manufacturing margin Variable selling and administrative expenses Contribution margin Joplin Company Variable Costing Income Statement For the Month Ended April 30 Fixed manufacturing costs Fixed selling and administrative expenses Total fixed costs Operating income Feedback $38,500 (5,500) $10,010 $48,000 4,300 (33,000) $15,000 (8,780) $6,220 48,000 14,310

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