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On April 30, the end of the first month of operations, Joplin Company prepared the...

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Accounting

On April 30, the end of the first month of operations, Joplin Company prepared the following income statement, based on the absorption costing concept:

Joplin Company Absorption Costing Income Statement For the Month Ended April 30
Sales (3,200 units) $86,400
Cost of goods sold:
Cost of goods manufactured (3,700 units) $70,300
Inventory, April 30 (500 units) (9,500)
Total cost of goods sold (60,800)
Gross profit $25,600
Selling and administrative expenses (14,520)
Operating income $11,080

If the fixed manufacturing costs were $15,466 and the fixed selling and administrative expenses were $7,110, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars.

Joplin Company
Variable Costing Income Statement
For the Month Ended April 30
$
Variable cost of goods sold:
$
$
$
$
$
$
Fixed costs:
$
$
$
$

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