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During 2018, a Company incurred manufacturing overhead of $400,000. However, they applied $425,000 of manufacturing overhead to jobs during the year. To correct this over-applied
During 2018, a Company incurred manufacturing overhead of $400,000. However, they applied $425,000 of manufacturing overhead to jobs during the year. To correct this over-applied overhead
a. cost of goods sold will be increased
b. work-in-process will be increased
c. both work-in-process and cost of goods sold will be increased
d. none of the above
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