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 an absorption-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 Absorption Costing
	Production in units					enter a number of units
	Sales in units					enter sales in units
	select an income statement item Cost of goods soldCost of goods available for saleFixed costsTotal marketing costsCosts of goods manufacturedSalesInventory, endingVariable marketing costsFixed marketing costsInventory, beginningGross profitMarketing costsNet income					$enter a number of units
	select between addition and deduction AddLess: select an opening name for section one Costs of goods manufacturedTotal marketing costsInventory, beginningSalesInventory, endingGross profitNet incomeVariable marketing costsFixed marketing costsCost of goods soldCost of goods available for saleMarketing costsFixed costs
	select an income statement item Total marketing costsFixed costsNet incomeVariable marketing costsGross profitCosts of goods manufacturedFixed marketing costsSalesCost of goods soldInventory, endingMarketing costsInventory, beginningCost of goods available for sale			$enter a dollar amount
	select between addition and deduction AddLess: select an income statement item Cost of goods available for saleInventory, beginningCosts of goods manufacturedTotal marketing costsFixed costsFixed marketing costsCost of goods soldNet incomeVariable marketing costsMarketing costsSalesInventory, endingGross profit			enter a dollar amount
	select an income statement item Gross profitFixed marketing costsInventory, beginningCost of goods available for saleCost of goods soldVariable marketing costsFixed costsNet incomeInventory, endingCosts of goods manufacturedMarketing costsTotal marketing costsSales			enter a subtotal of the two previous amounts
	select between addition and deduction AddLess: select an income statement item Fixed marketing costsCosts of goods manufacturedCost of goods soldTotal marketing costsFixed costsCost of goods available for saleVariable marketing costsSalesMarketing costsInventory, beginningNet incomeGross profitInventory, ending			enter a dollar amount
	select a closing name for section one SalesVariable marketing costsCost of goods available for saleTotal marketing costsFixed costsInventory, endingMarketing costsCost of goods soldFixed marketing costsGross profitInventory, beginningCosts of goods manufacturedNet income					enter a total amount for section one
	select a summarizing line for the first part Gross profitFixed costsTotal marketing costsNet incomeVariable marketing costsInventory, endingCost of goods available for saleCost of goods soldFixed marketing costsSalesInventory, beginningMarketing costsCosts of goods manufactured					enter a total amount for the first part
	select between addition and deduction AddLess: select an opening name for section two Fixed marketing costsInventory, beginningNet incomeGross profitTotal marketing costsVariable marketing costsSalesCosts of goods manufacturedMarketing costsCost of goods available for saleCost of goods soldFixed costsInventory, ending
	select an income statement item Cost of goods soldInventory, beginningGross profitFixed marketing costsInventory, endingSalesFixed costsCost of goods available for saleVariable marketing costsMarketing costsCosts of goods manufacturedTotal marketing costsNet income			enter a dollar amount
	select an income statement item Fixed costsVariable marketing costsCost of goods soldInventory, endingSalesInventory, beginningFixed marketing costsNet incomeGross profitCost of goods available for saleTotal marketing costsCosts of goods manufacturedMarketing costs			enter a dollar amount
	select a closing name for section two Inventory, endingGross profitInventory, beginningFixed marketing costsCost of goods soldCosts of goods manufacturedMarketing costsVariable marketing costsCost of goods available for saleNet incomeFixed costsTotal marketing costsSales					enter a total amount for section two
	select a closing name for this statement Inventory, beginningCosts of goods manufacturedGross profitTotal marketing costsCost of goods soldFixed marketing costsCost of goods available for saleMarketing costsVariable marketing costsFixed costsInventory, endingNet incomeSales					$enter a total amount for this statement