Under What Circumstance Should the Amount of Overallocation or Underallocation

question 135

Multiple Choice

Under what circumstance should the amount of overallocation or underallocation be reflected as an adjustment to cost of goods sold?

• A) In all circumstances
• B) If most of the inventory produced during the period has not been sold
• C) Under no circumstance
• D) If most of the inventory produced during the period has been sold

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