At the beginning of 2015, Conway Manufacturing had the following account balances: Following additional details are provided for the year:
$$\begin{array} { | l | l | }
\hline \text { Direct materials placed in production } & \$ 80,000 \
\hline \text { Direct labor incurred } & 190,000 \
\hline \text { Manufacturing overhead incurred } & 300,000 \
\hline \text { Manufacturing overhead allocated to production } & 295,000 \
\hline \text { Cost of jobs completed and transferred } & 500,000 \
\hline
\end{array}$$
-Refer to the tables above,The unadjusted balance in the Manufacturing Overhead account is a:

Question

At the beginning of 2015, Conway Manufacturing had the following account balances:  Following additional details are provided for the year:
$$\begin{array} { | l | l | } 
\hline \text { Direct materials placed in production } & \$ 80,000 \
\hline \text { Direct labor incurred } & 190,000 \
\hline \text { Manufacturing overhead incurred } & 300,000 \
\hline \text { Manufacturing overhead allocated to production } & 295,000 \
\hline \text { Cost of jobs completed and transferred } & 500,000 \
\hline
\end{array}$$
-Refer to the tables above,The unadjusted balance in the Manufacturing Overhead account is a:

Quizplus · Accepted Answer

The unadjusted balance in the Manufacturing Overhead account is calculated as follows:
Beginning balance + Manufacturing overhead incurred - Manufacturing overhead allocated to production
= $13,000 + $300,000 - $295,000
= $18,000 (debit balance)
Therefore, the correct answer is C) debit of $5,000, as this is the difference between the unadjusted balance and the manufacturing overhead allocated to production.

At the Beginning of 2015, Conway Manufacturing Had the Following