Help Save Cheche LA www 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 Terventories Benin (unit) Ending (unit) Variable contine net operating Income 210 150 $200,000 150 100 $200.000 100 2 124 The company's fed manufacturing overhead per unit was constant at $400 for all three year Exercise 7-3 Part 1 Required: 1. Calculate each year's absorption costing net operating income (Enter any losses or deductions on a negative value) Reconciliation of Wales and Absorption Costing Net Operating comes Year Years Variable costing net operating income $ 2105 150 $ 190 Add(deduct) food manufacturing overhead deferred in released from inventory under absorption conting Absorption conting net operating income