Neef Corporation has provided the following data for its two most recent years of operation: 
Which of the following statements is true for Year 1?
A) The amount of fixed manufacturing overhead released from inventories is $108,000
B) The amount of fixed manufacturing overhead deferred in inventories is $513,000
C) The amount of fixed manufacturing overhead released from inventories is $513,000
D) The amount of fixed manufacturing overhead deferred in inventories is $108,000
Correct Answer:
Verified
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