A manufacturing company that produces a single product has the following cost info:

Number of units budgeted and produced 40,000

Begin inventory 10,000

Ending inventory 20,000

Selling price per unit $ 125

Variable Cost per unit :

Direct Materials $20

Direct Manufacturing Labour 40

Var Manuf Overhead 10

Variable selling expense 10 per unit sold

Fixed cost per year :

Fixed manuf overhead $600,000

Fixed selling and admin 100.000

Compute

a) the unit product cost under Absorption, Variable and Throughput methods

b) Prepare an income statement under O N E of the above methods

c) Using your understanding of how to find differences between inventory costing; Find the operating income for the other two income statements not done using as a base

The operating income of the income statement done in (a)