Units Production 50,000 Sales ($18 per unit) 42,000 Inventory, January 31 8,000 Manufacturing costs: Variable $575,000 Fixed 80,000 Total $655,000 Selling and administrative expenses. Variable $35,000 Fixed 10,500 Total $ 45,500 Townsend Co. Absorption Costing Income Statement (label) 1 Cost of goods sold pen Townsend Co. Variable Costing Income Statement (Label) Variable cost of goods sold: 4 B 10