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

If the fixed manufacturing costs were $192,000 and the variable selling and administrative expenses were $92,400 prepare an income statement according to the variable costing concept.

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Bastile Company Absorption Costing Income Statement For the Month Ended June 30, 2016 Sales (20,000 units).. Cost of goods sold: $2,000,000 Cost of goods manufactured (24,000 units) Less inventory, June 30 (4,000 units) $1,920,000 320,000 1,600,000 400,000 165,000 $235,000