1. A firm incurs $5,000 of actual OH costs. It has a PDOH rate of $20 per direct labor hour, and 350 actual direct labor hours were consumed during the period. The firm has zero jobs in starting WIP, started ten jobs and completed five jobs. Two of those completed jobs are still waiting for the sales to be finalized (i.e. not "sold" yet).

   Which of the following is a feasible journal entry to close the Overhead Control account at the end of the period? (Note: the indentation below doesn't always show up, but each line is clearly labeled as a debit or credit.)

   	a.	Debit: Cost of Goods Sold $2,000 Credit: Overhead Control $2,000
   	b.	Debit: Overhead Control $2,000 Credit: WIP $667 Credit: Finished Goods $667 Credit: Cost of Goods Sold $666
   	c.	Debit: Overhead Control $2,000 Credit: WIP $1,000 Credit: Finished Goods $400 Credit: Cost of Goods Sold $600
   	d.	Debit: WIP $1,000 Debit: Finished Goods $400 Debit: Cost of Goods Sold $600 Credit: Overhead Control $2,000