Which of the following statements is true?

A) The amount of fixed manufacturing overhead released from inventories is $248,000
B) The amount of fixed manufacturing overhead deferred in inventories is $248,000
C) The amount of fixed manufacturing overhead released from inventories is $30,000
D) The amount of fixed manufacturing overhead deferred in inventories is $30,000

Fixed Manufacturing Overhead

Costs that do not vary with the level of production or sales, such as salaries of managers, depreciation of manufacturing equipment, and rent of the factory building.

Deferred in Inventories

A situation where costs incurred in acquiring or producing inventory are postponed from being recognized as expenses until the goods are sold.

Released from Inventories

The process of moving goods from inventory to be used in production or to be sold, thereby reducing the inventory account.