Variable costing income statement Instructions Labels and Amount Descriptions Variable Costing Income Statement Instructions On November 30, the end of the first month of operations, Weatherford Company propared the following income statement, based on the absortion costing concept Weatherford Company Absorption Costing Income Statement For the Month Ended November 30 Sales (28,000 units) Cost of goods sold Cost of goods manufactured (31,600 units) $2,844,000.00 $3,360,000.00 3 Innant Variable costing income statement Instructions Labels and Amount Descriptions Variable Costing Income Statement Instructions Absorption Costing Income Statement For the Month Ended November 30 $3,360,000.00 $2,844,000.00 (324,000.00) 4 1 Sales (28,000 units) 2 Cost of goods sold 3 Cost of goods manufactured (31,600 units) Inventory, November 30 (3,600 units) 5 Total cost of goods sold 6 Gross profit 7 Selling and administrative expenses 8 Income from operations 2,520,000.00 $840,000.00 160,000.00 $680,000.00 All work saved. w.com/ilm/take Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress New Tab Banner Image My Maps Gmail YouTube Maps New Tab Variable costing income statement Instructions Labels and Amount Descriptions Variable Costing Income S $3,36 10.00 Instructions Labels and Amount Descriptions Labels Fixed costs For the Month Ended November 30 November 30 Amount Descriptions Contribution margin Contribution margin ratio Fixed manufacturing costs Fixed selling and administrative expenses Gross profit Income from operations Inventory, November 30 0.00)