homeworklib 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 (4,400 units) $127,600 Cost of goods sold: Cost of goods manufactured (5,000 units) $105,000 Inventory, November 30 (700 units) (14,700) Total cost of goods sold 90,300 Gross profit $37,300 Selling and administrative expenses 22,640 Income from operations $14,660 Assume the fixed manufacturing costs were $27,300 and the fixed selling and administrative expenses were $11,090. Prepare an income statement according to the variable costing concept. Round all final answers to whole dollars.