Question
At the end of the year, Harding Company had a balance in Manufacturing Overhead of $19,000, and a balance in Manufacturing Overhead Applied of $20,000.
At the end of the year, Harding Company had a balance in Manufacturing Overhead of $19,000, and a balance in Manufacturing Overhead Applied of $20,000. When the Manufacturing Overhead account is closed, the Cost of Goods Sold account will be:
| Increased by $1,000. |
| Decreased by $1,000. |
| Unaffected. |
| Closed to Manufacturing Overhead Applied. |
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The Future Of Auditing
Authors: David Hay
1st Edition
1138477087, 9781138477087
