Question 17 1 pts Under-applied overhead means too much overhead was applied into process finished goods need to be credited actual overhead is greater than applied overhead Othere is a credit balance remaining in the overhead account. Question 18 1 pts Cost of goods sold is the amount of cost transferred out of work in process and into finished goods out of work in process and into manufacturing overhead out of work in process and into cost of goods sold out of finished goods and into cost of goods sold. Question 19 1 pts Which of the following accounts is not affected by applied manufacturing overhead? Cost of goods sold Finished goods inventory Raw materials inventory o Work in process inventory Question 20 1 pts If manufacturing overhead has been over-applied, the adjusting entry will increase cost of goods sold decrease finished goods increase finished goods decrease cost of goods sold