The following information is available for 2019 for Mobile Mfg.:
Ending Work in Process: $7,000 (including applied overhead of $400)
Ending Finished Goods: $12,000 (including applied overhead of $1,000)
Cost of Goods Sold for the year: $79,000 (including applied overhead of $3,500 from this year)
At year end, the company had an over-applied overhead balance of $200. This amount is NOT considered significant.
What is the adjusting entry required with respect to overhead at year end?

Question

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The Answer of The following information is available for 2019 for Mobile Mfg.:
Ending Work in Process: $7,000 (including applied overhead of $400)
Ending Finished Goods: $12,000 (including applied overhead of $1,000)
Cost of Goods Sold for the year: $79,000 (including applied overhead of $3,500 from this year)
At year end, the company had an over-applied overhead balance of $200. This amount is NOT considered significant.
What is the adjusting entry required with respect to overhead at year end?

The Following Information Is Available for 2019 for Mobile Mfg