The balance of the manufacturing summary account is closed to Income Summary.

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This statement is true. The manufacturing summary account is a temporary account used to summarize the costs of manufacturing goods, so at the end of the accounting period, its balance is closed (or transferred) to the Income Summary account, which is also a temporary account. From there, the net income or loss for the period is transferred to the retained earnings account (or dividends account, if applicable) on the balance sheet.

The Balance of the Manufacturing Summary Account Is Closed to Income