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?

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The Answer of 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?

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