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 (6,300 units)			$163,800
Cost of goods sold:
Cost of goods manufactured (7,200 units)	$129,600
Inventory, November 30 (1,000 units)	18,000
Total cost of goods sold			111,600
Gross profit			$52,200
Selling and administrative expenses			28,990
Income from operations			$23,210

Assume the fixed manufacturing costs were $29,808 and the fixed selling and administrative expenses were $14,200.

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:
	$
		$
		$
Fixed costs:
	$