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Question
The Dina Corp. has applied overhead to jobs during the period as follows:
| Jobs finished and sold | $ 46,000 |
| Jobs started and in process | 54,000 |
| Jobs finished and unsold | 100,000 |
The application of overhead has resulted in a $5,600 credit balance in the Factory Overhead account, and this amount is not material. The entry to dispose of this remaining factory overhead balance is:
| A. | Cost of Goods Sold | 5,600 | |
| Factory Overhead | 5,600 | ||
| B. | Factory Overhead | 5,600 | |
| Cost of Goods Sold | 5,600 | ||
| C. | Factory Overhead | 5,600 | |
| Goods in Process | 5,600 | ||
| D. | Goods in Process | 5,600 | |
| Factory Overhead | 5,600 | ||
| E. | No entry is needed. |
A. Journal entry A
B. Journal entry B
C. Journal entry C
D. Journal entry D
E. Journal entry E
Answer
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Related questions
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Q:
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Q:
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