Dowell Company produces a single product. Its income under variable costing for its first two years of operation follow.

Variable Costing Income	Year 1	Year 2
Income	$ 39,000	$ 570,000

Additional Information

Sales and production data for these first two years follow.

Units	Year 1	Year 2
Units produced	39,900	39,900
Units sold	29,000	50,800

The companys $31 per unit product cost (for both years) using absorption costing consists of the following.

Direct materials	$ 5
Direct labor	9
Variable overhead	7
Fixed overhead ($390,000/39,000 units)	10
Total product cost per unit	$ 31

Required: Prepare a statement to convert variable costing income to absorption costing income for both years. (Leave no cells blank - be certain to enter "0" wherever required.)

Dowell Company Convert Variable Costing Income to Absorption Costing Income Add: Fixed overhead in beginning FG inventory Add: Fixed overhead in ending FG inventory Less: Fixed overhead in beginning FG inventory Less: Fixed overhead in ending FG inventory