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bernie2981 bernie2981
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8 years ago
XYZ uses job costing. Actual manufacturing overhead for the period is $20,000 while allocated manufacturing overhead is $18,000. What entry will close the manufacturing overhead balance?
A) Debit the Manufacturing Overhead account and credit the Work-in-Process account for $2,000.
B) Debit the Cost of Goods Sold account and credit the Manufacturing Overhead account for $2,000.
C) Debit the Cost of Goods Sold account and credit the Finished Goods Inventory account for $2,000.
D) Debit the Manufacturing Overhead account and credit the Cost of Goods Sold account for $2,000.
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Managerial Accounting

Managerial Accounting


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nucleinuclei
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bernie2981 Author
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8 years ago
Answers my question perfectly.
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