Matthew Company uses a job cost system The overhead account shows a $5,000 overallocated balance at the end of the year Actual overhead incurred was $100,800 Other balances are Ending raw materials $15,400 Work in process inventory at end of year $32,200 Finished goods inventory at end of year $47,700 Cost of goods sold for year $282,300 The entry to close manufacturing overhead would include a (Z) debit to Manufacturing Overhead account for $5,000 debit to Cost of Goods Sold account for $5,000 debit to Work in Process Inventory account for $5,000 55 696 credit to Work in Process Inventory account for $5,000

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Matthew Company uses a job cost system  The overhead account shows a $5,000 overallocated balance at the end of the year  Actual overhead incurred was $100,800  Other balances are  Ending raw materials $15,400 Work in process inventory at end of year $32,200 Finished goods inventory at end of year $47,700 Cost of goods sold for year $282,300 The entry to close manufacturing overhead would include a (Z) debit to Manufacturing Overhead account for $5,000  debit to Cost of Goods Sold account for $5,000  debit to Work   in   Process Inventory account for $5,000  55 696  credit to Work   in   Process Inventory account for $5,000

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Matthew Company uses a job cost system. The overhead account shows a $5,000 overallocated balance at the end of the year. Actual overhead incurred was

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