Throughput Costing, Variable Costing and Absorption Costing The following data relates to year 20XX for Plano Manufacturing Company:

Required:

(a) Calculate cost of goods sold under throughput costing, variable costing, and absorption costing.

(b) Calculate ending inventory under throughput costing, variable costing, and absorption costing.

(c) Calculate operating income under throughput costing, variable costing, and absorption costing.

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Units produced.............. 2,000 Units sold......... Selling price....... 1,800 $200/per unit Direct material costs... $80,000 Direct labor costs......... $26,000 Variable overhead.......... $18,000 Variable selling costs... $6,000 Fixed overhead... $40,000 Fixed selling costs....... $60,000