Question: There are two acceptable methods for closing out any balance of under- or overapplied overhead. One method involves allocation, whereas the other method closes

There are two acceptable methods for closing out any balance of under-

There are two acceptable methods for closing out any balance of under- or overapplied overhead. One method involves allocation, whereas the other method closes any balance directly to: Finished Goods Inventory. O Work in Process Inventory. O Cost of Goods Manufactured. Cost of Goods Sold.

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