Which of the following statement is CORRECT regarding job order cost accounting system? O Under the procation approach # manufacturing overhead had been overallocated, the Work in Process Control, Finished Goods Control, and Cost of Goods Sold accounts would be increased O Under the proration approach, manufacturing overhead had been overallocated, the Work in Process Control Finished Goods Control, and Cost of Goods Sold accounts would be decreased. O Under the adjusted allocation rate approach, the total under-or overallocated manufacturing overhead in included in this year's Cost of Goods Sold Under the direct wete-off method, total under or overallocated manufacturing overhead is always added to the Cost of Goods Sold
