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7:4 practice Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for

7:4 practice
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Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data: Year Year 2 Year 3 Inventories: Beginning (units) Ending units) Variable costing net operating income 200 170 170 180 $1,032,400 180 220 $996,400 $1,080,400 The company's fixed manufacturing overhead per unit was constant at $560 for all three years

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