O'Hare Company, Is a Manufacturing Firm That Uses a Job-Order

Multiple Choice

O'Hare Company, is a manufacturing firm that uses a job-order cost system to determine the costs of its products. During the current accounting period, O'Hare applied estimated manufacturing overhead costs of $1,550 to job #132. Which of the following statements regarding this transaction is correct?

A) Work in process inventory decreases.
B) Net income decreases.
C) Manufacturing overhead decreases.
D) Total equity increases.