In its first year of business, JML, Inc. produced 400 units and sold 380 units. If JML uses variable costing, its value of ending Finished Goods Inventory reported in the balance sheet will be higher that under absorption costing its operating income for the period will be lower than under absorption costing its operating income for the period will be higher that under absorption costing Both its operating income AND its ending Finished Goods Inventory will be higher that under absorption costing