Which of the following is correct with respect to closing out underapplied 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. The balance in the Work-in-process account after allocation will be higher if the underapplied overhead is closed out by allocating it to all appropnate accounts O b. Cost of Goods Sold will be higher if the underapplied overhead is closed out by allocating it to the inventory accounts as well as to Cost of Goods Sold. Oc None of given ANSWER is correct d. Operating income will be higher if all of the underapplied overhead is closed out to Cost of Goods Sold. e The balance in the Work in Process account after allocation will be the same under etthet method