RelatakeAssignmentSessionLocator &inprogress=false # 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 Sales (5,000 units) $175,000 Cost of goods sold: Cost of goods manufactured (5,800 units) $145,000 Inventory, November 30 (800 units) (20,000) Total cost of goods sold 125.000 Gross profit $50,000 D Selling and administrative expenses 30,260 Income from operations Assume the fixed manufacturing costs were $36,250 and the fixed selling and administrative expenses were $14,820 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