Prepare an income statement for the year

Refer to the information given in the preceding problem for Great Outdoze, Inc.
Assume that direct material is the only unit-level manufacturing cost. The
company has committed its spending for direct labor and overhead (variable and
fixed).
Required:
1. Calculate the product cost per sleeping bag under
throughput costing.
2. Prepare an income statement for the year 20×4 using
throughput costing.
3. Give an argument for and against throughput
costing.