7. The manufacturing overhead account has an ending credit balance of $500. There are entries on both sides of the account, with total activity in the account (both debits and credits added together) of over $50,000. What should most likely occur next? A. The plant should be commended for fantastic work. B. Management should be chastised for a poor overhead rate. C. The manufacturing overhead account should be closed to COGS. D. No action is needed.