A company charged the following amounts of overhead to jobs during the current year: $12,000 to jobs still in process, $42,000 to jobs completed but not sold, and $66,000 to jobs finished and sold. At year-end, the company's Factory Overhead account has a credit balance of $9,000. What entry (if any) should the company make at year-end related to this overhead balance?
What will be an ideal response?
| Dec. 31 | Factory Overhead ………………………… | 9,000 | ? |
| ? | Cost of Goods Sold ……………………. | ? | 9,000 |
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Ellipses consist of three _________________
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