Variable Costing Income Statement

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 $(6,300$ units$)$

$$201,600$

Cost of goods sold:

Cost of goods manufactured $(7,400$ units$),$$$170,200$

Inventory, April $30(1,000$ units$)(23,000)$

Total cost of goods sold

Gross profit

Selling and administrative expenses

Operating income

Joplin Company

Variable Costing Income Statement

For the Month Ended April $30$

Variable cost of goods sold:

$$

$$

Fixed costs: