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Exercise 1 9 - 2 2 A ( Algo ) Converting variable costing income to absorption costing income LO A 2 A manufacturer reports the

Exercise 19-22A (Algo) Converting variable costing income to absorption costing income LO A2
A manufacturer reports the following information for the past three years.
\table[[Variable costing income,Year 1,Year 2,Year 3],[Beginning finished goods inventory (units),$137,000,$143,200,141,450],[Ending finished goods inventory (units),0,2,100,1,600],[Fixed overhead (FOH) per unit,2,100,1,600,1,700]]
Compute income for each of the three years using absorption costing. Hint: Fixed overhead in inventory equals the FOH per unit Units in inventory. (Amounts to be deducted should be indicated with a minus sign.)
\table[[,Year 1,Year 2,Year 3],[Variable costing income,,],[,,,],[,,,],[Absorption costing income,,,]]
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