Question
12. When manufacturing overhead has been over-applied by $2,000, the entry to close the over-applied balance would be: a. debit Manufacturing Overhead $2,000; credit Cost
12. When manufacturing overhead has been over-applied by $2,000, the entry to close the over-applied balance would be:
a. debit Manufacturing Overhead $2,000; credit Cost of Goods Sold $2,000 | ||||||||||||||
b. debit Cost of Goods Sold $2,000; credit Finished Goods Inventory $2,000 | ||||||||||||||
c. debit Finished Goods Inventory $2,000; credit Cost of Goods Sold $2,000 | ||||||||||||||
d. debit Cost of Goods Sold $2,000; credit Manufacturing Overhead $2,000
One of the journal entries to record when a job is sold would include a:
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