Which of the following events or transactions will result in manufacturing overhead being applied to production?

1. Completion of a job in the current period that was started in a prior period.
2. Preparing financial statements when work is in process at the end of the period.
3. Preparing financial statements when there is no work-in-process at the end of the period.

	a.	I and III.
	b.	III only.
	c.	II only.