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) Ending (units) 195 233 $298000 $271,400 $257,400 217 157 157 195 Variable costing net operating income The company's fixed manufacturing overhead per unit was constant at $557 for all three years 3. 1.25 points Required: 1. Determine each year's absorption costing net operating income. n of Variable Costing and Absorption Costing Net Operating 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 Hints References eBook & Resources Hint 1