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Variable Costing Income Statement On November 30, the end of the first month of operations, Weatherford Company prepared the following income statement, based on

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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 (5,400 units) $183,600 Cost of goods sold: Cost of goods manufactured (6,400 units) $153,600 Inventory, November 30 (900 units) (21,600) Total cost of goods sold 132,000 Gross profit $51,600 Selling and administrative expenses 31,990 Income from operations $19,610 Assume the fixed manufacturing costs were $39,936 and the fixed selling and administrative expenses were $15,670. Prepare an income statement according to the variable costing concept. Round all final answers to whole dollars,

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