Question: If manufacturing overhead has been over - applied during the period, and most of the jobs produced have been sold, then Cost of Goods Sold
If manufacturing overhead has been overapplied during the period, and most of the jobs produced have been sold, then
Cost of Goods Sold on the income statement should be decreased.
finished goods inventory should be increased.
work in process inventory should be decreased.
Cost of Goods Sold on the income statement should be increased.
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