For the year, Willard Company had actual manufacturing overhead of $100,000 and applied manufacturing overhead of $117,000.

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Which ONE of the following should be included in the journal entry necessary to close the manufacturing overhead account? Assume that the company chooses the easiest method for the end-of-year closing of the manufacturing overhead account.

CREDIT to Manufacturing Overhead for $17,000
CREDIT to Work-in-Process Inventory for $100,000
CREDIT to Cost of Goods Sold for $17,000
DEBIT to Cost of Goods Sold for $100,000

Posted Date: May 18, 2024 07:14 AM

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For the year, Willard Company had actual manufacturing overhead of $100,000 and applied manufacturing overhead of $117,000.

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