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Variable Costing Income Statement On April 3 0 , the end of the first month of operations, Joplin Company prepared the following income statement, based
Variable Costing Income Statement
On April 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
Sales units
Cost of goods sold:
Cost of goods manufactured units
Inventory, April units
Total cost of goods sold
Gross profit
Selling and administrative expenses
Operating income
$
$
table$
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