Paste Tommy Number Alignment Styles Font Clipboard B TO c12 X fx 4 C D E F GHI Ex10 Leather Company makes shoes. During its second quarter, it produced the following results: (NOI = Net Operating Income) April May June NOI using Variable Costing $30,000 $36,000 $33,000 Units of Beg. Inventory 3,000 3,600 3,300 Units of End. Inventory 3,600 3,300 4,200 Fixed Manufacturing OH per unit $48.00 $48.00 $48.00 Calculate inventory costs deferred or released using absorption costing: April May June 12 Increase/Decrease in Inventory x x x x Fixed Man. OH per unit x x x =Fixed MOH Deferred/(Released) x x x 13 14 Complete the following to reconcile NOI under variable and absorption costing. April May June NOI using Variable Costing x xx +Fixed MOH Deferred in Inventory X X - Fixed MOH Released from Inventory = NOI using Absorption Costing |X X X 22 25