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 (5,700 units) $188,100 Cost of goods sold: Cost of goods manufactured (6,600 units) $151,800 Inventory, November 30 (900 units) (20,700) Total cost of goods sold 131,100 Gross profit $57,000 Selling and administrative expenses 31,970 Income from operations $25,030 Assume the fixed manufacturing costs were $33,396 and the fixed selling and administrative expenses were $15,660. Prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. v2.cengagenow.com Show Me How Brations $25,030 manufacturing costs were $33,396 and the fixed seling and administrative expenses were $15,660. he 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 30 185.100 goods sold est of goods manufactured TIR404 November 30 16.146 ariable cost of goods sold 103.358 ng margin ang and administrative expenses 85.342 margin ufacturing costs ng and administrative expenses 15 MB xed costs operations All work saved Email Instructor Save Search or enter website name