Xantra Corp. is a manufacturer of specialty in-line skates. The operating results for 2016 are as follows:

There was no beginning finished goods inventory.
Instructions
(a) Prepare an absorption-costing income statement.
(b) Prepare a variable-costing income statement.
(c) Reconcile the net income sunder absorption costing and variable costing.
(d) Calculate the break-even point in sales units (pairs of skates) under the current cost structure.
(e) Prepare a throughput-costing income statement.
(f) Reconcile the net incomes under throughput costing and variable costing.

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Units produced Units sold 20,000 pairs 18,000 pairs Selling price $200 per pair Production information: Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable marketing costs Fixed marketing costs $1,000,000 750,000 450,000 800,000 180,000 200,000