If it is a material amount overapplied or

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4. If it is a material amount, overapplied or underapplied overhead should be disposed of by allocating it to: A. Cost of goods sold and finished goods. B. Finished goods and goods in process. C. Goods in process, finished goods, and cost of goods sold. D. Goods in process, if immaterial. E. Raw materials, goods in process, and finished goods. 5. A process cost summary is a managerial accounting report that describes:
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6. Direct material costs are recorded: 7. In a process costing system, when manufacturing overhead costs are applied to the cost of production, they are debited to:
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