Pharoah Corp. is a manufacturer of specialty in-line skates. The operating results for 2022 are as follows:

Units produced		19,300	pairs
Units sold		18,000	pairs
Selling price		$205.00	per pair

Production information:
Direct materials		$926,400
Direct labour		714,100
Variable manufacturing overhead		414,950
Fixed manufacturing overhead		781,650
Variable marketing costs		180,000
Fixed marketing costs		200,700

There was no beginning finished goods inventory.

Prepare a throughput-costing income statement. (Round per unit calculations to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 125.)

PHAROAHCorp. Income Statement choose the accounting period December 31, 2022Month Ended December 31, 2022Year Ended December 31, 2022 Throughput Costing
	Production in units				enter a number of units
	Sales in units				enter a number of units
	select an income statement item Variable costsNet incomeOperating expensesDirect material costsTotal operating expensesVariable marketing costsInventory, beginningVariable cost of goods soldFixed manufacturing overheadSalesThroughput contribution marginCost of goods soldInventory, endingFixed selling and administrative expensesFixed costs				$enter a dollar amount
	select between addition and deduction AddLess: select an opening section name Variable costsOperating expensesFixed costsThroughput contribution marginInventory, beginningCost of goods soldInventory, endingSalesDirect material costsVariable marketing costsTotal operating expensesVariable cost of goods soldFixed manufacturing overheadNet incomeFixed selling and administrative expenses				enter a dollar amount
	select an income statement item Direct material costsThroughput contribution marginVariable costsInventory, endingTotal operating expensesVariable marketing costsInventory, beginningFixed costsFixed selling and administrative expensesSalesCost of goods soldVariable cost of goods soldNet incomeOperating expensesFixed manufacturing overhead				enter a dollar amount
	select between addition and deduction AddLess: select an opening name for section one Fixed selling and administrative expensesInventory, endingVariable cost of goods soldVariable costsInventory, beginningNet incomeThroughput contribution marginDirect material costsCost of goods soldTotal operating expensesVariable marketing costsFixed manufacturing overheadSalesOperating expensesFixed costs
	select an income statement item Operating expensesInventory, endingFixed costsFixed manufacturing overheadVariable cost of goods soldFixed selling and administrative expensesVariable marketing costsVariable costsThroughput contribution marginInventory, beginningCost of goods soldTotal operating expensesSalesDirect material costsNet incomeFixed costs		$enter a subtotal of the two previous amounts
	select an income statement item Fixed costsFixed manufacturing overheadFixed selling and administrative expensesVariable costsThroughput contribution marginInventory, endingNet incomeOperating expensesDirect material costsVariable marketing costsInventory, beginningCost of goods soldSalesVariable cost of goods soldTotal operating expenses		enter a dollar amount
	select an income statement item Fixed selling and administrative expensesVariable marketing costsVariable costsVariable cost of goods soldTotal operating expensesOperating expensesFixed costsInventory, beginningInventory, endingNet incomeCost of goods soldThroughput contribution marginSalesFixed manufacturing overheadDirect material costs		enter a subtotal of the two previous amounts
	select an income statement item Throughput contribution marginInventory, endingCost of goods soldFixed costsTotal operating expensesDirect material costsFixed manufacturing overheadInventory, beginningNet incomeOperating expensesVariable costsVariable marketing costsSalesVariable cost of goods soldFixed selling and administrative expenses				enter a total amount for the section
	select a closing name for this statement Variable cost of goods soldFixed manufacturing overheadInventory, endingVariable marketing costsNet incomeSalesOperating expensesTotal operating expensesFixed selling and administrative expensesInventory, beginningThroughput contribution marginFixed costsCost of goods soldDirect material costsVariable costs				$enter a total amount for this statement

Reconcile the net incomes under throughput costing and variable costing. (Round per unit calculations to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 125.)

Throughput-costing net income		$enter a dollar amount
Costs deferred in ending inventory		$enter a dollar amount
Variable-costing net income		$enter a total amount