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oblems Help Save & Ex The following information applies to the questions displayed below Jorgansen...

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oblems Help Save & Ex 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: Inventorles Beginning (units) Ending (units) 190 240 $300,000 $269,000 $250,000 210 170 170 190 Variable costing net operating income The company's fixed manufacturing overhead per unit was constant at $560 for all three years. Exercise 6-3 Part1 Required: 1. Calculate each year's absorption costing net operating income. (Enter any losses or deductions as a negative value.) Costing Net Operating Incomes costing net operating income dd (deduct) fond overhead defemed n (released from) inventory under absorption costing costing net operating income 888 Fa 3 5

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