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Question
The Marina Corp. has applied overhead to jobs during the period as follows:| Jobs finished and sold "u00a6"u00a6"u00a6"u00a6"u00a6"u00a6 | $ 46,000 |
| Jobs started and in process "u00a6"u00a6"u00a6"u00a6. | 54,000 |
| Jobs finished and unsold "u00a6"u00a6"u00a6"u00a6"u00a6 | 100,000 |
The application of overhead has resulted in a $5,600 credit balance in the Factory Overhead account, and this amount is not material. The entry to dispose of this remaining factory overhead balance is:
A.Debit Cost of Goods Sold $5,600; credit Factory Overhead $5,600.
B.Debit Factory Overhead $5,600; credit Cost of Goods Sold $5,600.
C.Debit Factory Overhead $5,600; credit Work in Process Inventory $5,600.
D.Debit Work in Process Inventory $5,600; credit Factory Overhead $5,600.
E.No entry is needed.
Answer
This answer is hidden. It contains 1 characters.
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Q:
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