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 (4,900 units) $102,900 Cost of goods sold: Cost of goods manufactured (5,600 units) $84,000 Inventory, November 30(800 units) (12,000) Total cost of goods sold 72,000 Gross profit $30.900 Selling and administrative expenses 17,400 Income from operations $13,500 Assume the fixed manufacturing costs were $18.480 and the fixed selling and administrative expenses were $8,520. 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 Assume the fixed manufacturing costs were $18,480 ar Prepare an income statement according to the variable Weatherford Company Variable Costing Income Statement For the Month Ended November 30 Sales Variable cost of goods sold: $ Fixed costs