Simila Corporation has provided the following data for its most recent year of operation: Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$11Direct labor$7Variable manufacturing overhead$5Fixed manufacturing overhead per year$308,000Selling and administrative expenses: Variable selling and administrative expense per unit sold$5Fixed selling and administrative expense per year$81,000 Units in beginning inventory0Units produced during the year11,000Units sold during the year9,000Units in ending inventory2,000 Which of the following statements is true?
A. The amount of fixed manufacturing overhead deferred in inventories is $56,000
B. The amount of fixed manufacturing overhead released from inventories is $56,000
C. The amount of fixed manufacturing overhead released from inventories is $459,000
D. The amount of fixed manufacturing overhead deferred in inventories is $459,000
Answer: A
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