During the Current Accounting Period,O'Hare Applied $14,500 of Estimated Overhead

Multiple Choice

During the current accounting period,O'Hare applied $14,500 of estimated overhead cost to production.Actual overhead costs were $14,325.Assuming that the balance in the Manufacturing Overhead is insignificant,the recognition of the transaction to close that account will:

A) Decrease cost of goods sold and increase stockholders' equity.
B) Increase cost of goods sold.
C) Decrease stockholders' equity.
D) Decrease total assets and total liabilities.