At the end of the fiscal year,any immaterial overapplied or underapplied overhead is
A) closed to the Cost of Goods Sold account.
B) shown on the balance sheet as either a deferred charge or a deferred credit.
C) allocated to Cost of Goods Sold,Finished Goods Inventory,and Work in Process Inventory.
D) closed to the Cost of Goods Manufactured account.
Correct Answer:
Verified
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