Cathy Company closes any under- or over-applied overhead to cost of goods sold. Eliminating (i.e., closing) an under-application of manufacturing overhead results in which of the following effects? Cost of Goods Sold Increase Cost of Goods Sold Gross Margin Decrease Increase Cost of Goods Sold Decrease Cost of Goods Sold Decrease Gross Margin No Effect Gross Margin Increase Gross Margin No Effect