At year-end, Marshall Enterprise's Factory Overhead account has a credit balance of $5,000, which is not a material amount. What entry should Marshall make at year-end?
A. Debit Factory Overhead $5,000; credit Finished Goods Inventory $5,000.
B. Debit Factory Overhead $5,000; credit Cost of Goods Sold $5,000.
C. Debit Factory Overhead $5,000; credit Work in Process Inventory $5,000.
D. Debit Cost of Goods Sold $5,000; credit Factory Overhead $5,000.
E. No entry is needed.
Answer: B
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