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The Manufacturing Overhead account shows debits of $480,000, $384,000, and $448,000 and one credit for...

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Accounting

The Manufacturing Overhead account shows debits of $480,000, $384,000, and $448,000 and one credit for $1,248,000. Based on this information, what is the impact, if any, on Cost of Goods Sold? A : Cost of Goods Sold will be debited for the $64,000 of overapplied overhead

B : Cost of Goods Sold will be credited for the $64,000 of underapplied overhead

C : Cost of Goods Sold will be debited for the $64,000 of underapplied overhead

D : Cost of Goods Sold will be credited for the $64,000 of overapplied overhead

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