Kaaua Corporation has provided the following data for its two most recent years of operation: $ 83 Selling price per unit Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year Selling and administrative expenses: Variable selling and administrative expense per unit sold Fixed selling and administrative expense per year $ 13 $7 $ 4 $ 396,000 $4 $ 72,000 Units in beginning inventory Units produced during the year Units sold during the year Units in ending inventory Year 1 0 12,000 14,000 o Year 2 0 11,000 9,000 2,000 Which of the following statements is true for Year 2? me Left:0:27:02 Ali Karami: Attempt 1 Units in beginning inventory Units produced during the year Units sold during the year Units in ending inventory 0 12,000 14,000 0 0 11,000 9,000 2,000 Which of the following statements is true for Year 2? The amount of fixed manufacturing overhead deferred in inventories is $72,000 The amount of fixed manufacturing overhead released from inventories is $120,000 The amount of fixed manufacturing overhead released from inventories is $72,000 The amount of fixed manufacturing overhead deferred in inventories is $120,000