Variable Costing Income Statement

On April $30,$ the end of the first month of operations, Joplin Company prepared the following income statement, based on the absorption costing concept:

Joplin Company

Absorption Costing Income Statement

For the Month Ended April $30$

Sales $(6,800$ units$)$

$$197,200$

Cost of goods sold:

Cost of goods manufactured $(7,900$ units$)$

$$165,900$

Inventory, April $30(1,100$ units$)$

$(23,100)$

Total cost of goods sold

Gross profit

Selling and administrative expenses

Operating income

$\backslash$table$[[(142,800)$