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Midtown, Inc. uses a predetermined overhead allocation rate of $62 per direct labor hour. In January, the company completed Job A23 which utilized 21 direct
Midtown, Inc. uses a predetermined overhead allocation rate of $62 per direct labor hour. In January, the company completed Job A23 which utilized 21 direct labor hours. Which of the following correctly describes the journal entry to allocate overhead to the job? O A. debit Work-in - Process Inventory $1,302 and credit Manufacturing Overhead $1,302 OB. debit Manufacturing Overhead $62 and credit Work-in - Process Inventory $62 OC. debit Finished Goods Inventory S1,302 and credit Manufacturing Overhead $1,302 OD. debit Cost of Goods Sold $62 and credit Finished Goods Inventory $62
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