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Jorgansen Lighting, Incorporated, manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing...

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Accounting

Jorgansen Lighting, Incorporated, manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports. The company provided the following data:
Year 1 Year 2 Year 3
Inventories
Beginning (units)210160180
Ending (units)160180220
Variable costing net operating income $ 290,000 $ 279,000 $ 250,000
The companys fixed manufacturing overhead per unit was constant at $570 for all three years.

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