Jorgensen Lighting. Inc, menufectures heevy-duty street lighting systems for municipsities e compeny uses verieble costing for interrel menagement reports end ebsorption costing for external reports to shareholders, creditors, end the government. The compeny has provided the following dete Year 1 Yeer 2 Year 3 In Beginning &units) 220 158 125 Enirg( EO no0 $290 500 77300 a net operating income The company's fixed manufacturing overhead pcr unit was constont at $557 for al three years 100 neints Required: 1. Determine each year's abeorpion costing r toperating income Reconciliation of Variable Costing and Absorption Costing Net Operating Ince Year Year 2 Year 3 Variabe casting i t aperaang incoms oVerhead deferred in (reicased from Absoption cosura net anaratinn income Hinte References eBook & Resourcee Hint #1 Check my workd 0 50 noints . In Year 4, the company's vaneble costing net operating income was $254,500 and ts absorption coeting net operating income was S275.400. , Did inventories increase or decrease durina Year 4? b. How much fixed manufaaturing overhaad oast was deferrod i or relensed from inventary during Yaar 4? Inventory during Fixed manufacturing