Question
[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
[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 2 Year 3 Inventories: Beginning (units) 200 156 185 Ending (units) 156 185 239 Variable costing net operating income $292,200 $270,100 $253,900 The companys fixed manufacturing overhead per unit was constant at $559 for all three years. 3.value: 16.66 pointsRequired information Required: 1. Determine each years absorption costing net operating income.
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