Which of the following is correct with respect to closing out overapplied manufacturing overhead to Cost of Goods Sold versus closing it out to Work-in-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold? Select one: O a. None of given ANSWER is correct. O b. Cost of Goods Sold will be lower if the overapplied overhead is closed out by allocating it to the inventory accounts as well as to Cost of Goods Sold. O c. The balance in the Work-in-process account after allocation will be higher if the overapplied overhead is closed out by allocating it to all appropriate accounts: d. The balance in the Work-in-process account after allocation will be the same under either method. O e. Operating income will be higher if all of the overapplied overhead is closed out to cost of Goods Sold