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: Sales (5,800 units) Weatherford Company Absorption Costing Income Statement For the Month Ended November 30 $214,600 Cost of goods sold: Cost of goods manufactured (6,700 units) Inventory, November 30 (900 units) $174,200 (23,400) Total cost of goods sold 150,800 Gross profit $63,800 Selling and administrative expenses 36,670 Income from operations $27,130 Assume the fixed manufacturing costs were $40,066 and the fixed selling and administrative expenses were $17,960. Prepare an income statement according to the variable costing concept. Round all final answers to whole dollars.