Yome Company provided wing applied overhead costs for the year ended Sep cost of ads sold at the end of the year SOLA :13 Manufacturing overbend applied to WIP Actual manufacturing overhead cost Total manufacturing cost for the your Cost of poods available for sale during the year Cost of goods sold adjusted Nor operating income before adjusting COGS) What is the sales for the year? 3 LIS E None of the above R 16 Which of the following statements is true? A. When raw materials are purchased the transaction is recorded as a debit to Work in Process Inventory rather than being directly expensed. B. If a company uses a predetermined overhead rate, actual manufacturing overhead costs of a period will be recorded in the Manufacturing Overhead account and will be recorded on the job cost sheets. C. If a company closes any under-or over-applied manufacturing overhead to the Cost of Goods Sold account, then Cost of Goods Sold will be debited if manufacturing overhead is over-applied for the period. D. In the Schedule of Cost of Goods Sold, Unadjusted cost of goods sold - Beginning Work in Process Inventory + Cost of Goods Manufactured - Ending Work in Process Inventory. E. None of the statements are true. Page 9 of 12