Under- or overapplied manufacturing overhead at year-end is most commonly:
A. charged or credited to a special loss account.
B. charged or credited to Cost of Goods Sold.
C. prorated among Work-in-Process Inventory, Finished-Goods Inventory, and Cost of Goods Sold.
D. ignored because there is no effect on the Cash account.
E. charged or credited to Work-in-Process Inventory.
Answer: B
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