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In the preparation of the schedule of Cost of Goods Manufactured, the accountant incorrectly included as part of manufacturing overhead the rental expense on the
In the preparation of the schedule of Cost of Goods Manufactured, the accountant incorrectly included as part of manufacturing overhead the rental expense on the firm's retail facilities. This inclusion would:
Select one:
a.have no effect on the cost of goods manufactured.
b.understate the cost of goods manufactured.
c.overstate the cost of goods sold on the income statement.
d.overstate period expenses on the income statement.
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