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Wu Equipment Company manufactures and distributes industrial air compressors. The following data are available for the year ended December 31, 2020. The company had no beginning inventory. In 2020, it produced 1.400 units but sold only 1,160 units. The unit selling price was $4,600. Costs and expenses were as follows: $710 1,310 220 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 70 $1,191,200 104,200 Reconcile the difference between variable-costing and throughput-costing net income. Variable costing net income $ $ 1361000 Conversion costs deferred in ending inventory 571406 Throughput costing net income $ $ 1932406