A manufacturer reports the information below for three recent years. Year 1 Year 2 Year 3 Variable costing income Beginning finished goods inventory (units) Ending finished goods inventory (units) Fixed manufacturing overhead per unit $128, 000 $133,600 $133,950 1,300 1,400 1,800 1,300 2.80 2.80 2.80 1,800 Compute income for each of the three years using absorption costing. Year 1 Year 2 Year 3 Absorption costing income Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 42,000 units and sold 34,000 units at a price of $120 per unit. Manufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead for the year 48 18 420,000 Selling and administrative costs Variable selling and administrative cost per unit Fixed selling and administrative cost per year $115,000