Hi, can you help me please with this question. It asks toPrepare the adjusting entry for manufacturing overhead, assuming the balance is allocated entirely to Cost of Goods Sold.

\fFollowing entries are made to for Manufacturing Overheads: Debit: WIP $142,800 Credit: Manufacturing Overheads $142,800 Debit: Finished Stock $142,800 Credit: WIP $142,800 Debit: Cost of goods sold $142,800 Credit: Finished stock $142,800 Single entry can also be pass as follows: Debit: Cost of goods sold $142,800 Credit: Manufacturing overheads $142,800