Help Save 5 Et Submit 1 Check my work Part 1 of 2 25 oints 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 conting for external reports to shareholders, creditors, and the government. The company has provided the following data Year 1 Year 2 Years Inventories Beginning (units) 200 150 Ending (units) 100 Variable costing net operating income 5300,000 $279.000 5250, 15e 180 220 Bons The company's fixed anufacturing overhead per unit was constant at $570 for all three years References Required: itet Check 1 The company's fixed manufacturing overhead per unit was constant at $570 for all three years Part 1 of 2 Required: 1. Calculate each year's absorption costing net operating income (Enter any losses or deductions as a negative value) 2.5 points Sipood Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Year 1 Year 2 Year 3 Variable costing not operating incomo Add (deduct) foxed manufacturing overhead deferred in (reloased from inventory under absorption costing Absorption costing not operating income Box Hint Paint Retete