Exercise $6-22$A $($Algo$)$ Converting variable costing income to absorption costing income LO A$2$

A manufacturer reports the following information for the past three years.

Year $1$ Year $2$ Year $3$

Variable costing income $ $113,000$ $ $117,600$ $ $121,450$

Beginning finished goods inventory $($units$)01,300800$

Ending finished goods inventory $($units$)1,300800900$

Fixed overhead $($FOH$)$ per unit $ $4\mathrm{.}80$ $ $4\mathrm{.}80$ $ $4\mathrm{.}80$

Compute income for each of the three years using absorption costing. Hint: Fixed overhead in inventory equals the FOH per unit $\backslash$times Units in inventory.

Note: Amounts to be deducted should be indicated with a minus sign.