Cullumber Equipment Company manufactures and distributes industrial air compressors. The following data are available for the year ended December $31,2022.$ The company had no beginning inventory. In $2022,$ it produced $1,490$ units but sold only $1,200$ units. The unit selling price was $$4,520.$ Costs and expenses were as follows:

Reconcile the difference between variable$-$costing and throughput$-$costing net income.

Variable costing net income

Conversion costs deferred in ending inventory

Throughput costing net income

Variable costs per unit

Direct materials

Direct labour

Variable manufacturing overhead

Variable selling and administrative expenses

Annual fixed costs and expenses

Fixed manufacturing overhead

Selling and administrative expenses

$$700$

$1,470$

$210$

$70$

$

$