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Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing...

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Accounting

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) 220 150 190 Ending (units) 150 190 230 Variable costing net operating income $290,000 $279,000 $260,000 The companys fixed manufacturing overhead per unit was constant at $500 for all three years.

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