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 (3,900 units)			$78,000
Cost of goods sold:
Cost of goods manufactured (4,600 units)	$64,400
Inventory, November 30 (600 units)	(8,400)
Total cost of goods sold			56,000
Gross profit			$22,000
Selling and administrative expenses			12,370
Income from operations			$9,630

Assume the fixed manufacturing costs were $12,880 and the fixed selling and administrative expenses were $6,060.

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
		$
Variable cost of goods sold:
	$
		$
		$
Fixed costs:
	$
		$