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Bpringle2000 Bpringle2000
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4 months ago
Gough's Manufacturing had underapplied overhead totaling $5,000 during the period. To dispose of this underapplied overhead, Gough should

▸ decrease the Work in Process account by $5,000.

▸ increase the Cost of Goods Sold account by $5,000.

▸ increase the Work in Process account by $5,000.

▸ decrease the Cost of Goods Sold account by $5,000.
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Managerial Accounting

Managerial Accounting


Edition: 4th
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diana72gdiana72g
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4 months ago
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increase the Cost of Goods Sold account by $5,000.

Underapplied overhead should be added to Cost of Goods Sold.
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