Potts Company uses a job order costing system and had the following data available for 2009.

-The journal entry to close manufacturing overhead would include a:

Question

Potts Company uses a job order costing system and had the following data available for 2009.
 
-The journal entry to close manufacturing overhead would include a:

Quizplus · Accepted Answer

The journal entry to close manufacturing overhead typically involves crediting the manufacturing overhead account to zero it out, indicating that the overhead costs have been allocated to the appropriate accounts (e.g., work in process inventory, finished goods inventory, or cost of goods sold).

Potts Company Uses a Job Order Costing System and Had