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A manufacturer reports the following information for the past three years. Year 1 Year 2 Year 3 Variable costing income $ 119, 809 $ 124,980
A manufacturer reports the following information for the past three years. Year 1 Year 2 Year 3 Variable costing income $ 119, 809 $ 124,980 $ 126,450 Beginning finished goods inventory (units) 1, 580 1, 989 Ending finished goods inventory (units) 1, 509 1, Be0 1, 189 Fixed overhead (FOH) per unit $ 4.09 $ 4.80 $ 4.09 Compute income for each of the three years using absorption costing. Hint Fixed overhead in inventory equals the FOH per unit x Units in inventory. (Amounts to be deducted should be Indicated with a minus sign.) Year 1 Year 2 Year 3 Variable costing income Absorption costing income
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