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Required information [The following information applies to the questions displayed below.] Jorgansen...

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Accounting

Required information
[The following information applies to the questions displayed below.]
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:
The company's fixed manufacturing overhead per unit was constant at $570 for all three years.
Assume in Year 4 the company's variable costing net operating income was $250,000 and its absorption costing net operating
income was $300,000.
a. Did inventories increase or decrease during Year 4?
b. How much fixed manufacturing overhead cost was deferred or released from inventory during Year 4?
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