Required information Exercise 6-3 (Static) 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 datar Year 1 Year 2 Year Inventories: Beginning (units) Ending units) Variable costing net operating income 200 170 $1,080,400 170 180 $1,032,400 1150 220 $996,400 The company's fixed manufacturing overhead per unit was constant al $560 fer all three years. Exercise 6-3 (Static) Part 1 Required: 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 Yeart Year 2 Year 3 Vatibi costing not operating income Add ideduch foxed manufacturing overhead deferred government. The company has provided the following data: Year Ve Invento Teining units thing it Variable casting nettiin 1 20 5036,400 $1.000, 11.03.10 The company's flowed manufacturing overhead per unit wies constant at 5560 for all three years Exercise 6-3 (Static) Part 1 Required: 1 Calculate each year's absorption costing net operating income (Enter any losses or deductions as a negative value.) Reconcilities of Vara Costing and Absorption Costing Net Operating incomes Yeart Year Year Victing nu Add text distung wurde domintary and in A conting income