ps 253A252F%252Flms.meducation.COMT252Fmgmiddlewares 22 hode Help ! Chcemy won Required information Exercise 6-3 (Algo) Reconciliation of Absorption and Variable Costing Net Operating Incomes (L06-3) [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: Year 1 Year 3 Inventories Beginning (units) 220 Ending (units) 170 249 Variable costing net operating income $299,800 $260,000 Year 2 100 17e 180 $279,000 The company's fixed manufacturing overhead per unit was constant at 5560 for all three years Exercise 6-3 (Algo) Part 1 Required: CO PA 12 of 4 Score Answer MD html_con=con external browser=0&launchurl=https253A%252F252Fims meducation.com.252Fmighmiddleware tatouaneno X - Chapter 6 0 Saved Help Save The company's fixed manufacturing overhead per unit was constant at $560 for all three years. Exercise 6-3 (Algo) Part 1 Required: 1. Calculate each year's absorption costing net operating income. (Enter any losses or deductions as a negative value.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Year 1 Year 3 Year 2 Variable costing net operating income Add (deduct) fixed manufacturing overhead deferred in (released from) inventory under absorption costing Absorption costing net operating income re Score answer 0+ 4 F 12 MD