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Manufacturing overhead is underapplied by a small amount, and an adjustment is made. Which of the following would be true? a.) Gross margin will decrease.

Manufacturing overhead is underapplied by a small amount, and an adjustment is made. Which of the following would be true?

a.) Gross margin will decrease.

b.) Work in Process Inventory will increase.

c.) Net income will increase.

d.) Cost of Goods Sold will decrease.

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