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 $30$

Line Item Description Amount Amount

Sales $(3,600$ units$)$ $$72,000$

Cost of goods sold:

Cost of goods manufactured $(4,100$ units$)$ $$57,400$

Inventory, April $30(600$ units$)(8,400)$

Total cost of goods sold $(49,000)$

Gross profit $$23,000$

Selling and administrative expenses $(12,760)$

Operating income $$10,240$

If the fixed manufacturing costs were $$13,202$ and the fixed selling and administrative expenses were $$6,250,$ prepare an income statement according to the variable costing concept. Round all final answers to whole dollars.

Joplin Company

Variable Costing Income Statement

For the Month Ended April $30$

Line Item Description Amount Amount

$$-$ Select $-$

Variable cost of goods sold:

$$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$$-$ Select $-$

$-$ Select $-$

$$-$ Select $-$

Fixed costs:

$$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$$-$ Select $-$