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A manufacturer reports the information below for three recent years. Year 1 Year 2 Year 3 Variable costing income $ 127,000 $ 131,400 $ 135,950
A manufacturer reports the information below for three recent years. Year 1 Year 2 Year 3 Variable costing income $ 127,000 $ 131,400 $ 135,950 Beginning finished goods inventory (units) 0 2,050 1,550 Ending finished goods inventory (units) 2,050 1,550 1,650 Fixed overhead per unit $ 4.20 $ 4.20 $ 4.20 Compute income for each of the three years using absorption costing. (Amounts to be deducted should be indicated by a minus sign.)
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