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Moskowitz Corporation has provided the following data for its two most recent years of operation: The unit product cost under absorption costing in Year 2 is closest to: Multiple Choice $77.00 $48.00 $23.00 $71.00 The unit product cost under variable costing in Year 1 is closest to: Multiple Choice $63.00 $69.00 $23.00 $29.00 The net operating income (loss) under absorption costing in Year 2 is closest to: Multiple Choice $56,000 $224,000 $80,000 $164,000 The net operating income (loss) under variable costing in Year 2 is closest to: Multiple Choice $80,000 $680,000 $620,000 Which of the following statements is true for Year 2 ? Multiple Choice The amount of fixed manufacturing overhead released from inventories is $686,000 The amount of fixed manufacturing overhead released from inventories is $24,000 The amount of fixed manufacturing overhead deferred in inventories is $686,000 The amount of fixed manufacturing overhead deferred in inventories is $24,000 The unit product cost under absorption costing in Year 2 is closest to