Company X reports the following data for the current year: Net profit (variable costing basis) = $52123 Net profit (absorption costing) = $53323 Fixed manufacturing overhead costs per unit were the same in both the prior and current year ($1.20 per unit) What was the change in inventory over the year?

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Company X reports the following data for the current year:

Net profit (variable costing basis) = $52123
Net profit (absorption costing) = $53323
Fixed manufacturing overhead costs per unit were the same in both the prior and current year ($1.20 per unit)

What was the change in inventory over the year?

Inventory decreased 1000 units

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Inventory increased 1200 units

❌

None of the others

❌

Inventory was unchanged in the period

❌

Inventory increased 1000 units

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