At the end of the year, Metro, Inc. has an unadjusted credit balance in the Manufacturing Overhead account of $820. Which of the following is the year-end adjusting entry needed to adjust the account?
A) A debit to Cost of Goods Sold of $820 and a credit to Finished Goods Inventory of $820
B) A debit to Manufacturing Overhead of $820 and a credit to Finished Goods Inventory of $820
C) A debit to Manufacturing Overhead of $820 and a credit to Cost of Goods Sold of $820
D) A debit to Cost of Goods Sold of $820 and a credit to Manufacturing Overhead of $820
C) A debit to Manufacturing Overhead of $820 and a credit to Cost of Goods Sold of $820
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