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 $132,000 Sales (4,400 units) Cost of goods sold: Cost of goods manufactured (5,100 units) $107,100 (14,700) Inventory, November 30 (700 units) Total cost of goods sold Gross profit 92,400 $39,600 Selling and administrative expenses 23,700 Income from operations $15,900 Assume the fixed manufacturing costs were $27,846 and the fixed selling and administrative expenses were $11,610. 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: Income from operations $ 15,900 Assume the fixed manufacturing costs were $27,846 and the fixed selling and administrative expenses were $11,610. 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