Variable Costing Income Income Year 1 $ 30,000 Year 2 $ 480,000 Additional Information a. Sales and production data for these first two years follow. Units Units produced Units sold Year 1 30,000 20,000 Year 2 30,000 40,000 b. The company's $31 per unit product cost for both years) using absorption costing consists of the following. Direct saterials Direct labor Variable overhead Fixed overhead (5300,000/30,000 units) Total product cost per unit Required: Prepare a statement to convert variable costing income to absorption costing income for both years (Leave no cells blank - be certain to enter "o" wherever required.) $5 9 7 10 5 31 Year 2 Dowell Company Convert Variable Costing Income to Absorption Costing Income Year 1 Variable costing income $ 30 0005 Add Fixed overhead in ending FG Inventory less Fixed overhead in beginning FG inventory Absorption costing income 480.000