Assume that a company provided the following T-account before it had recorded any closing entries: Manufacturing Overhead 12,000 240,000 110,000 40,000 70,000 8,000 Based on the transactions recorded in this account, which of the following must be true? Multiple Choice The cash paid for manufacturing costs is $232,000. The manufacturing overhead applied to production is $232,000. The manufacturing overhead applied to production is $240,000. CooPro G Search or type URL Based on the transactions recorded in this account, which of the following must be true? Multiple Choice The cash paid for manufacturing costs is $232,000. The manufacturing overhead applied to production is $232,000. The manufacturing overhead applied to production is $240,000 O The cash paid for manufacturing costs is $240,000. MacBook Pro