Sullivan Equipment Company Absorption Costing Income Statement For the Month Ended March 31 Sales $Sales 567,000 Cost of goods sold: Cost of goods manufactured $Cost of goods manufactured 304,000 Inventory, March 31 Inventory, March 31 34,000 Total cost of goods sold Total cost of goods sold 270,000 Gross profit $Gross profit 297,000 Selling and administrative expenses Selling and administrative expenses 189,000 Income from operations $Income from operations 108,000 Feedback Area Feedback Sales -