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When overhead is underapplied: A. Gross Profit is understated B. Work in Process inventory is overstated C. Finished Goods inventory is overstated D. Cost of

When overhead is underapplied:

	A.	Gross Profit is understated
	B.	Work in Process inventory is overstated
	C.	Finished Goods inventory is overstated
	D.	Cost of Goods Sold is understated

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