During its second year of operations, TGS Corporation produced 3,000 units and sold 2,800 units at $60 each. The beginning inventory comprised 100 units, and costs were unchanged from the previous year. Costs incurred during the second year were as follows:

Instructions
(a) Reconcile TGS's income based on absorption costing and variable costing.
(b) Reconcile TGS's income based on variable costing and throughput costing.

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Direct materials per unit produced Direct labour per unit produced Variable overhead per unit produced Variable selling and administrative costs per unit sold Total fixed production overhead Total fixed selling and administrative costs 12 18,000 6,000