A manufacturer reports the following information below for its first three years in operation. Variable costing income Beginning finished goods inventory (units) Ending finished goods inventory (units) Fixed overhead per unit Income for year 3 using absorption costing is: Year 1 $ 76,000 0 800 $ 8.00 Year 2 $ 109,000 800 500 $ 8.00 Year 3 $ 115,000 500 0 $ 8.00

A manufacturer reports the following information below for its first three years in operation