Question 3 In any costing system, when the manufacturing overhead account has a credit balance at the end of the year: A) the manufacturing overhead account is overapplied B) the manufacturing overhead account is underapplied C) Cost of Goods Sold will appear lower than it actually is D) the work in process inventory account will have a credit balance E) Both A and C are correct Enter only the letter of the correct response in the space below (i.e. A, B, C, D, or E)