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Company Y uses a job cost system. The overhead account shows a $5,300 overallocated balance at the end of the year. Actual overhead incurred was
Company Y uses a job cost system. The overhead account shows a $5,300 overallocated balance at the end of the year. Actual overhead incurred was $100,400.
The entry to close manufacturing overhead would include a: (mark all that apply)
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credit to Cost of Goods Sold $5300
credit to Work-in-Process Inventory for $5300
credit to Manufacturing Overhead for $5300
debit to Manufacturing overhead for $5,300
debit to Cost of Goods Sold for $5,300
debit to Work-in-Process Inventory for $100,400
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