Xyz uses job costing. actual manufacturing overhead for the period is $20,200 while allocated manufacturing overhead is $18,500. what entry will close the manufacturing overhead balance?

a. debit the cost of goods sold account and credit the finished goods inventory account for $1,700.

b. debit the manufacturing overhead account and credit the cost of goods sold account for $1,700.

c. debit the cost of goods sold account and credit the manufacturing overhead account for $1,700.

d. debit the manufacturing overhead account and

Question

Kenya Allen

Business

27 April, 15:22

Xyz uses job costing. actual manufacturing overhead for the period is $20,200 while allocated manufacturing overhead is $18,500. what entry will close the manufacturing overhead balance?

a. debit the cost of goods sold account and credit the finished goods inventory account for $1,700.

b. debit the manufacturing overhead account and credit the cost of goods sold account for $1,700.

c. debit the cost of goods sold account and credit the manufacturing overhead account for $1,700.

d. debit the manufacturing overhead account and

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Answers (1)

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Maren Barrett · Answer 1

Xyz uses job costing. actual manufacturing overhead for the period is $20,200 while allocated manufacturing overhead is $18,500. what entry will close the manufacturing overhead balance?

b. debit the manufacturing overhead account and credit the cost of goods sold account for $1,700.