PLEASE ONLY DO OF U CAN DO ALL. PLEASE. 1. Pn 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 1 Sales (28,000 units) $3,920,000.00 2 Cost of goods sold: 3 Cost of goods manufactured (32,600 units) Inventory, November 30 (4,600 units) $2,608,000.00 4 (368,000.00) 5 Total cost of goods sold 2,240,000.00 6 Gross profit $1,680,000.00 7 Selling and administrative expenses 175,000.00 8 Income from operations $1,505,000.00 Variable Costing Income Statement For the Month Ended November 30 1 Sales $3,920,000.00 2 Variable cost of goods sold: 3 Variable cost of goods manufactured Inventory, November 30 4 5 6 Manufacturing margin 7 Variable selling and administrative expenses 8 Contribution margin 9 Fixed costs: 10 Fixed manufacturing costs 11 Fixed selling and administrative expenses 12 Total fixed costs 15 Income from operations PLEASE ONLY DO OF U CAN DO ALL. PLEASE. 1. Pn 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 1 Sales (28,000 units) $3,920,000.00 2 Cost of goods sold: 3 Cost of goods manufactured (32,600 units) Inventory, November 30 (4,600 units) $2,608,000.00 4 (368,000.00) 5 Total cost of goods sold 2,240,000.00 6 Gross profit $1,680,000.00 7 Selling and administrative expenses 175,000.00 8 Income from operations $1,505,000.00 Variable Costing Income Statement For the Month Ended November 30 1 Sales $3,920,000.00 2 Variable cost of goods sold: 3 Variable cost of goods manufactured Inventory, November 30 4 5 6 Manufacturing margin 7 Variable selling and administrative expenses 8 Contribution margin 9 Fixed costs: 10 Fixed manufacturing costs 11 Fixed selling and administrative expenses 12 Total fixed costs 15 Income from operations