Under- or Overapplied Manufacturing Overhead at Year-End Is Most Commonly

Multiple Choice

Under- or overapplied manufacturing overhead at year-end is most commonly:

A) charged or credited to Work-in-Process Inventory.
B) charged or credited to Cost of Goods Sold.
C) charged or credited to a special loss account.
D) prorated among Work-in-Process Inventory,Finished-Goods Inventory,and Cost of Goods SolD.
E) ignored because there is no effect on the Cash account.