Variable Costing Income Statement On November 30, the end of the first month of operations, Weatherford Company prepared the following income statement based on the absorption costing concept: Weatherford Company Absorption Costing Income Statement For the Month Ended November 30 Sales (2,500 units) $90,000 Cost of goods sold: Cost of goods manufactured (2,900 units) $75,400 Inventory, November 30 (400 units) (10,400) Total cost of goods sold 65,000 Gross profit $25,000 Selling and administrative expenses 15,600 Income from operations $9,400 Assume the fixed manufacturing costs were $19,604 and the fixed selling and administrative expenses were $7,640, Prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. Weatherford Company Variable Costing Income Statement For the Month Ended November 30 Weatherford Company Variable Costing Income Statement For the Month Ended November 30 Variable cost of goods sold: Fixed costs