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 (6,200 units) $161,200 Cost of goods sold: Cost of goods manufactured (7,300 units) $131,400 Inventory, November 30 (1,000 units) (18,000) Total cost of goods sold 113,400 Gross profit $47,800 Selling and administrative expenses 28,770 Income from operations $19,030 Assume the fixed manufacturing costs were $34.164 and the fixed selling and administrative expenses were $14,090. Prepare an income statement according to the variable costing concept. Round all final answers to whole collars. Weatherford Company Variable Costing Income Statement For the Month Ended November 30 Variable cost of goods sold: Fixed costs