A manufacturer reports the following information for the past three years. Year 1 Year 2 Year...

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A manufacturer reports the following information for the past three years. Year 1 Year 2 Year 3 Variable costing income $ 126,500 $ 132,000 $ 132,700 Beginning finished goods inventory (units) Ending finished goods inventory (units) Fixed overhead (FOH) per unit 50ד ,1 1,250 $ 3.00 1,250 1,350 $ 3.00 1,750 $ 3.00 Compute income for each of the three years using absorption costing. Hint: Fixed overhead in inventory equals the FOH per unit × Units in inventory. (Amounts to be deducted should be indicated with a minus sign.) Year 1 Year 2 Year 3 Variable costing income Absorption costing income A manufacturer reports the following information for the past three years. Year 1 Year 2 Year 3 Variable costing income $ 126,500 $ 132,000 $ 132,700 Beginning finished goods inventory (units) Ending finished goods inventory (units) Fixed overhead (FOH) per unit 50ד ,1 1,250 $ 3.00 1,250 1,350 $ 3.00 1,750 $ 3.00 Compute income for each of the three years using absorption costing. Hint: Fixed overhead in inventory equals the FOH per unit × Units in inventory. (Amounts to be deducted should be indicated with a minus sign.) Year 1 Year 2 Year 3 Variable costing income Absorption costing income

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