14 Which of the following is correct with respect to closing out overapplied manufacturing overhead to Cost of Goods Sold versus closing it out to Cost of Goods Sold and Finished Goods and Work-in-Process inventories? O The balance in the Work-in-Process account after allocation will be higher if the overapplied overhead is closed out by allocating it to all appropriate accounts O The balance in the Work-in-Process account after allocation will be the same O Operating income will be higher if all of the overapplied overhead is closed out O Cost of Goods Sold will be lower if the overapplied overhead is closed out by under either method to Cost of Goods Sold allocating it to the inventory accounts as well as to Cost of Goods Sold