If the over or under applied overhead is immaterial in amount, to which account(s) would you probably close the over or under applied overhead? b. c. raw materials inventory work in process inventory finished goods inventory costs of goods sold all of the above 13. If the over or under applied overhead is material in amount to which account(s) would If the over you probably close the over or under applied overhead? b. c. d. work in process inventory finished goods inventory cost of goods sold all of the above none of the above 14. When will the account factory overhead incurred and applied (actual) definitely have a zero balance? b. at the end of each month at the end of the year, prior to closing entries at the end of the year, after closing entries all of the above never 15. The process costing method would be most likely used by companies in which industry below? a. printing construction cement aircraft advertising