A factory's adjusting entry to apply factory overhead to work in process inventory equaled $1,700 . Should a reversing entry be made and, if so, what form should it take?
a. Yes, debit Factory Overhead $1,700, credit Finished Goods Inventory $1,700.
b. Yes, debit Work in Process Inventory $1,700, credit Factory Overhead $1,700.
c. Yes, debit Factory Overhead $1,700, credit Cost of Goods Sold $1,700.
d. Yes, debit Factory Overhead $1,700, credit Work in Process Inventory $1,700.
e. Yes, debit Cost of Goods Sold $1,700, credit Factory Overhead $1,700.
d
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