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Your friend started working at a candy company, and is in charge of making the journal entries to record transactions in the job-order costing system.
Your friend started working at a candy company, and is in charge of making the journal entries to record transactions in the job-order costing system. Questions 4-8 relate to helping her record the appropriate journal entries. In June, your friend applied overhead of $2,000 to the job. She then finished the job (assume the total cost is $8,500). Select the option that corresponds to the journal entries she should record (select one): Decrease Manufacturing Overhead by $2,000; Increase Work in Process Inventory by $2,000; Decrease Work in Process Inventory by $8,500; Increase Finished Goods Inventory by $8,500. Increase Manufacturing Overhead by $2,000; Increase Work in Process Inventory by $2,000; Decrease Work in Process Inventory by $8,500; Increase Finished Goods Inventory by $8,500. O Increase SG&A Expense by $2,000; Increase Work in Process Inventory by $2,000; Decrease Work in Process Inventory by $8,500; Increase Finished Goods Inventory by $8,500. O Increase Manufacturing Overhead by $2,000; Increase SG&A Expense by $2,000; Decrease Manufacturing Overhead by $8,500; Increase Finished Goods Inventory by $8,500
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