accounting

TThe following informution applies to the questions disployed below] Jorgansen Lighting. Incorporated, manufactures hoavy-duty street lighting systems for municipalitics. 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: The company's flxed manufacturing overhead per unit was constant at $560 for all three years. Exercise 6-3 (Algo) Part 1 Required: 1. Calculate each year's absorption costing net operating income. (Enter any losses or deductions as a negative value.) The company's fixcd manufocturing overhead per unit was constant at $560 for all three years. Exercise 6-3 (Algo) Part 2 2. Assume in Year 4 that the company's variable costing net operating income was $250.000 and its absorption costing net operating income was 5310,000 a Did inventories increase or deciease during Year 4 ? Increase Decrease b. How much fixed manufacturing overhead cost was deferred or released from inventory during Yoar 4