Business A began business in the current year and uses variable costing. It produced 12,000 units and sold 11,000 units therefore

		its value of ending finished goods inventory reported in the balance sheet will be higher than under absorption costing
		its operating income for the period will be higher than under absorption costing.
		its operating income for the period will be lower than under absorption costing.
		its operating income will be the same under both absorption costing and variable costing.