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 Year 1 Year 2 Year 3 Inventories 188 228 $257,900 164 Beginning (units) Ending (units) 219 164 $296,300 Variable costing net operating income $277,800 The company's fixed manufacturing overhead per unit was constant at $550 for all three years value 10.00 points Required: 1. Determine each year's absorption costing net operating income Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Year 1 Year 2 Year 3 Variable costing net operating income Add (deduct) fixed manufacturing overhead deferred in (released from) inventory under absorption costing Absorption costing net operating income