Required information [The following information applies to the questions displayed below.] Jorgansen Lighting, Incorporated, manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports. The company provided the following data: The company's fixed manufacturing overhead per unit was constant at $560 for all three years. Assume in Year 4 the company's variable costing net operating income was $260,000 and its absorption costing net operating come was $280,000. Did inventories increase or decrease during Year 4 ? . How much fixed manufacturing overhead cost was deferred or released from inventory during Year 4 ? Complete this question by entering your answers in the tabs belk w. Did inventories increase or decrease during Year 4 ? Required information [The following information applies to the questions displayed below] Jorgansen Lighting, Incorporated, manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports. The company provided the following data: The company's fixed manufacturing overhead per unit was constant at $560 for all three years. 2. Assume in Year 4 the company's variable costing net operating income was $260,000 and its absorption costing net operating income was $280,000. a. Did inventories increase or decrease during Year 4 ? b. How much fixed manufacturing overhead cost was deferred or released from inventory during Year 4 ? Complete this question by entering your answers in the tabs below. How much fixed manufacturing overhead cost was deferred or released from inventory during Year 4