MA the Following $\text { No entry is needed.}$ B $\begin{array}{llr} \text {Factory Overhead } &5,000\\ \text { Cost of Goods Sold } &&5,000 \\\end{array}$

M.A.E.charged the following amounts of overhead to jobs during the year: $20,000 to jobs still in process; $60,000 to jobs completed but not sold; and $120,000 to jobs finished and sold.At year-end,M.A.E.Company's Factory Overhead account has a credit balance of $5,000,which is not a material amount.What entry should M.A.E.make at year-end?
A. $\text { No entry is needed.}$

B.
$\begin{array}{llr} \text {Factory Overhead } &5,000\\ \text { Cost of Goods Sold } &&5,000 \\\end{array}$

C.
$\begin{array}{llr} \text { Cost of Goods Sold} &5,000\\ \text {Factory Overhead } &&5,000\\\end{array}$

D.
$\begin{array}{llr} \text { Factory Overhead } &5,000\\ \text {Goods in Process Inventory } &&5,000\\\end{array}$

E.
$\begin{array}{llr} \text { Factory Overhead } &5,000\\ \text { Finished Goods} &&5,000\\\end{array}$

A) A
B) B
C) C
D) D
E) E