Check my work Vie Required information The following information applies to the questions displayed below) Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 2 Inventories Beginning (units) 220 160 180 Ending (units) 160 240 Variable costing net operating income $300,000 $269,000 $260,000 180 The company's fixed manufacturing overhead per unit was constant at $400 for all three years. Required: 1. Calculate each year's absorption costing net operating income. (Enter any losses or deductions as a negative value.) Reconciliation of Variable Couting and Absorption Costing Net Operating Incomes Year 1 Yoar 2 Year 3 Variable costing net operating income $ 300,000 $ 269,000 $ 250,000 Add(deduct) fixed manufacturing overhead deferred in (released from) inventory under absorption costing (20,000) 8.000 16,000 Absorption costing net operating income $ 270,000 $ 287,000 $ 276.000 Prev 1 2 of 3 !!! Next >