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Exercise Algo Reconciliation of Absorption and Variable Costing Net Operating Incomes LO
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Jorgansen Lighting, Incorporated, manufactures heavyduty 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:
tableInventoriesYear Year Year Beginning unitsEnding unitsVariable costing net operating income,table$
