If manufacturing overhead is underapplied and the amount is immaterial, the entry to close the...
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Accounting
If manufacturing overhead is underapplied and the amount is immaterial, the entry to close the manufacturing overhead account will: Increase work in process inventory. Decrease cost of goods sold. Increase net income. Decrease gross margin. 
If manufacturing overhead is underapplied and the amount is immaterial, the entry to close the manufacturing overhead account will:
Increase work in process inventory.
Decrease cost of goods sold.
Increase net income.
Decrease gross margin.
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