A manufacturer reports the information below for three recent years. C

ompute income for each of the three years absorption costing

A manufacturer reports the information below for three recent years. Year 1 $ 120,500 Variable costing income Beginning finished goods inventory (units) Ending finished goods inventory (units) Fixed manufacturing overhead per unit Year 2 $ 125,600 1,550 1,050 3.80 Year 3 $ 127,700 1,050 1,150 1,550 3.80 $ Compute income for each of the three years using absorption costing. Answer is complete but not entirely correct. Year 1 Year 2 Year 3 Absorption costing income $ 125,925 X $ 120.060 X $ 122,280