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Exercise 05-26B Computing absorption costing income LO P5 A...

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Accounting

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Exercise 05-26B Computing absorption costing income LO P5 A manufacturer reports the information below for three recent years. Variable costing income Beginning finished goods inventory (units) Ending finished goods inventory (units) Fixed manufacturing overhead per unit Year 1 Year 2 Year 3 $116,000 $120, 400 $124,950 1,500 1,000 1,500 1,900 1,100 3.10 $ 3.10 $ 3.10 Compute income for each of the three years using absorption costing. (Amounts to be deducted should be inc sign.) Year 1 Year 2 Year 3 $ 116,000 $ 120,400 $ 124,950 Variable costing income Fixed overhead in ending inventory Fixed overhead in beginning inventory Absorption costing income $ 116,000 $ 120,400 $ 124,950

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