Marina Corp. applied overhead to jobs during the period as follows: Jobs finished and sold$46,000 Jobs started and in process 54,000 Jobs finished and unsold 100,000 The application of overhead has resulted in a $5,600 credit balance in the Factory Overhead account. The entry to dispose of this remaining factory overhead balance is:
A. Debit Factory Overhead $5,600; credit Cost of Goods Sold $5,600.
B. Debit Factory Overhead $5,600; credit Work in Process Inventory $5,600.
C. Debit Cost of Goods Sold $5,600; credit Factory Overhead $5,600.
D. Debit Work in Process Inventory $5,600; credit Factory Overhead $5,600.
E. No entry is needed.
Answer: A
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