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

Business

You might also like to view...

Diversity is about belonging to groups that are visibly or invisibly different from whatever is considered a ___________ society.

a. Civil b. Matriarchal c. Normal d. Socialist

Business

Determining the message that salespeople should use to communicate the value of the product and persuade customers to buy it relates to which element of the marketing mix:

A. product B. promotion C. profit D. price E. place

Business

Estimation analysis determines which things go together.

Answer the following statement true (T) or false (F)

Business

A critical cost for a beginning business is the seed capital.

Answer the following statement true (T) or false (F)

Business