After totaling actual overhead and overhead applied, the Factory Overhead account has a debit balance of $113,000 and credit balance of $108,000 . What is the proper journal entry?
a. Debit Cost of Goods Sold $5,000, credit Factory Overhead $5,000.
b. Debit Factory Overhead $5,000, credit Cost of Goods Sold $5,000.
c. Debit Cost of Goods Sold $2,500, credit Factory Overhead $2,500.
d. Debit Work in Process Inventory $2,500, credit Factory Overhead $2,500.
e. Debit Work in Process Inventory $5,000, credit Factory Overhead $5,000.
a
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