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bernie2981 bernie2981
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Posts: 3810
8 years ago
Manufacturing overhead has an underallocated balance of $6,200; raw materials inventory balance is $50,000; work in process inventory is $30,000; finished goods inventory is $20,000; and cost of goods sold is $100,000.  Which of these accounts would have an ending credit balance?
A) Work-in-Process Inventory account
B) Raw Materials Inventory account
C) Finished Goods Inventory account
D) None of the above
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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butterfly127butterfly127
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8 years ago
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bernie2981 Author
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8 years ago
Answers my question perfectly.
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