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2. Assume in Year 4 that the company's variable costing net operating income was $240,000 and its absorption costing net operating income was $290,000.

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2. Assume in Year 4 that the company's variable costing net operating income was $240,000 and its absorption costing net operating income was $290,000. a. Did inventories increase or decrease during Year 4? O Increase O Decrease b. How much fixed manufacturing overhead cost was deferred or released from inventory during Year 4? Fixed manufacturing overhead cost inventory during Year 4

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