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 to shareholders, creditors, and the government. The company has provided the following data: Inventories Beginning (units) Year 1 220 Ending (units) 170 Variable costing net operating income $ 300,000 The company's fixed manufacturing overhead per unit was constant at $550 for all three years. Year 2 170 200 $ 279,000 Year 3 200 230 $ 260,000 Increase O Decrease Assume in Year 4 that the company's variable costing net operating income was $250,000 and its absorption costing net operating mcome was $290,000. 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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Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.