At December 31 Ding Company reported the following balances in its accounts: $\begin{array}{lr}
\text { Cost of Goods Sold } & \$ 210,000 \
\text { Finished Goods Inventory } & 30,000
\end{array}$ The company's balance in its Manufacturing Overhead account at the same date was a debit of $2800.
Instructions
Prepare the entry to adjust the over- or underapplied overhead amount at December 31.

Question

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The Answer of At December 31 Ding Company reported the following balances in its accounts: $\begin{array}{lr}
\text { Cost of Goods Sold } & \$ 210,000 \
\text { Finished Goods Inventory } & 30,000
\end{array}$ The company's balance in its Manufacturing Overhead account at the same date was a debit of $2800.
Instructions
Prepare the entry to adjust the over- or underapplied overhead amount at December 31.

At December 31 Ding Company Reported the Following Balances in Its