Daniel Company uses a job cost system.The overhead account shows a $4,500 overallocated balance at the end of the year.Actual overhead incurred was $95,000.Other balances are:
The entry to close manufacturing overhead would include a
A) debit to manufacturing overhead for $4,500.
B) credit to cost of goods sold for $4,500.
C) debit to cost of goods sold for $4,500.
D) credit to manufacturing overhead for $4,500.
Correct Answer:
Verified
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