Which of the following is NOT an account that over/under applied overhead is transferred to at the end of an accounting period?
A) Cost of goods sold.
B) Work-in-process.
C) Raw materials.
D) Finished goods.

Question

Quizplus · Accepted Answer

Over/under applied overhead is typically adjusted against cost of goods sold, work-in-process, and finished goods, but not raw materials.

Which of the Following Is NOT an Account That Over/under