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Manufacturing overhead has an underallocated balance of $6,200; raw materials inventory balance is $

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Manufacturing overhead has an underallocated balance of $6,200; raw materials inventory balance is $

Manufacturing overhead has an underallocated balance of $6,200; raw materials inventory balance is $50,000; work in process inventory is $30,000; finished goods inventory is $20,000; and cost of goods sold is $100,000.

Using this information, which account would have an opening credit balance?
A) Raw Materials Inventory account
B) Work-in-Process Inventory account
C) Finished Goods Inventory account
D) None of the above

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Managerial Accounting

Edition: 4^th

Author: Braun

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