Compute income for each of three years using absorption cost

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Reference no: EM131910183

Problem

A manufacturer reports the information below for three recent years.

	Year 1	Year 2	Year 3
Variable costing income	140,000	146,400	143,950
Beginning finished goods inventory (units)	0	2,200	1,700
Ending finished goods inventory (units)	2,200	1,700	1,800
Fixed manufacturing overhead per unit	1.20	1.20	1.20

Compute income for each of the three years using absorption costing.

Reference no: EM131910183

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