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 (5,800 units) $220,400 Cost of goods sold: Cost of goods manufactured (6.700 units) $180,900 Inventory, November 30 (900 units) (24,300) Total cost of goods sold 156,600 Gross profit $63,800 Selling and administrative expenses 37,750 Income from operations $26,050 Assume the fixed manufacturing costs were 543,416 and the fixed selling and administrative expenses were $18,490. 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 Income from operations $26,050 Assume the fixed manufacturing costs were 543,416 and the fixed selling and administrative expenses were $18,490. 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: DE ODO DQUI 0 Fixed costs