108.47 Wei Nan Company manufactures and sells personal organizers. The following are the operating data for the company for 2021 and 2022: 2021 2022 50,000 40 35 35 30 Units produced 60,000 Units sold 54,000 54,000 Selling price per unit $250 $250 Variable costs per unit Direct materials $80 $80 Direct labour 40 Variable overhead Selling expenses 30 Fixed manufacturing overhead $2,500,000 $2,500,000 Fixed selling and administrative expenses $ 300,000 $ 300,000 There was no beginning inventory on January 1, 2021. The company used the FIFO method to calculate the cost of inventories. Ignore income taxes, Instructions a. Prepare income statements for 2021 and 2022 using the absorption-costing method. b. Prepare income statements for 2021 and 2022 using the variable-costing method. c. Reconcile the absorption-costing and variable-costing net income figures for 2021 and 2022. d. Prepare income statements for 2021 and 2022 using the throughput-costing method. e. Reconcile the throughput-costing and variable-costing net income figures for 2021 and 2022