Question
Weatherford Company Absorption Costing Income Statement For the Month Ended November 30 Sales (5,800 units) $220,400 Cost of goods sold: Cost of goods manufactured (6,700
Weatherford Company Absorption Costing Income Statement For the Month Ended November 30 Sales (5,800 units) $220,400 Cost of goods sold: Cost of goods manufactured (6,700 units) $180,900 Inventory, November 30 (900 units) (24,300) Total cost of goods sold 156,600 Gross profit $63,800 Selling and administrative expenses 37,750 Income from operations $26,050 Assume the fixed manufacturing costs were $43,416 and the fixed selling and administrative expenses were $18,490. Prepare an income statement according to the variable costing concept. Round all final answers to whole dollars.
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