Income statements under absorption costing and variable costing joplin industries inc. manufactures and sells high-quality sporting goods equipment under its highly recognizable j-sports logo. the company began operations on may 1 and operated at 100% of capacity (270,000 units) during the first month, creating an ending inventory of 24,000 units. during june, the company produced 246,000 garments during the month but sold 270,000 units at $300 per unit. the june manufacturing costs and selling and administrative expenses were as follows: number of units unit cost total cost manufacturing costs in june 1 beginning inventory: variable 24,000 $150.00 $ 3,600,000 fixed 24,000 32.80 787,200 total $182.80 $4,387,200 manufacturing costs in june: variable 246,000 $150.00 $36,900,000 fixed 246,000 36.00 8,856,000 total $186.00 $45,756,000 selling and administrative expenses in june: variable 270,000 $ 45.00 $12,150,000 fixed 270,000 3.60 972,000 total $ 48.60 $13,122,000 a. prepare an income statement according to the absorption costing concept for june. joplin industries inc. absorption costing income statement for the month ended june 30 $ cost of goods sold: $ $ $