at the end of the accounting period, factory overhead has a credit balance of $500. what accountis the $500 closed to?

ttng e Why? 14. At the end of the accounting period, factory overhead has a credit balance of $500. What account is the $500 closed to? Is this $500 under applied factory overhead or over applied factory overhead? 15. Name two costs that would be classified as period costs? 16. True or false.. Manufacturing costs are part of the Balance sheet and period costs are part of the Income statement? 17. Match the following cost systems with the words below Job order costs systems Process costs systems