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 (5,100 units) $163,200 Cost of goods sold: Cost of goods manufactured (6,000 units) $138,000 Inventory, April 30 (800 units) (18,400) Total cost of goods sold (119,600) Gross profit $43,600 Selling and administrative expenses (25,150) Operating income $18,450 If the fixed manufacturing costs were $27,600 and the fixed selling and administrative expenses were $12,320, 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 Sales $fill in the blank 2 Variable cost of goods sold: Variable cost of goods manufactured $fill in the blank 4 Inventory, April 30 fill in the blank 6 Total variable cost of goods sold fill in the blank 8 Manufacturing margin $fill in the blank 10 Variable selling and administrative expenses fill in the blank 12 Contribution margin $fill in the blank 14 Fixed costs: Fixed manufacturing costs $fill in the blank 16 Fixed selling and administrative expenses fill in the blank 18 Total fixed costs fill in the blank 20 Operating income $fill in the blank 22.

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