Hults Corporation has given data concerning the company's Manufacturing Overhead account for the month of November. Prior to the closing of the overapplied or underapplied balance to Cost of Goods Sold, the total of debits to the Manufacturing Overhead account was $69,450 and total of credits to account was $63,700. Which of the subsequent statements is true?
Manufacturing overhead applied to Work in Process for month was $69,450.
Manufacturing overhead transferred from Finished Goods to Cost of Goods Sold through the month was $69,450.
Actual manufacturing overhead incurred through the month was $63,700.
Manufacturing overhead for month was underapplied by $5,750.