Manufacturing overhead has an underallocated balance of $6,200; raw materials inventory balance is $50,000; work in process inventory is $30,000; finished goods inventory is $20,000; and cost of goods sold is $100,000. Which of these accounts would have an ending credit balance?

Question

Quizplus · Accepted Answer

Inventory accounts such as raw materials, work in process, and finished goods typically have debit balances. An underallocated manufacturing overhead would not affect these accounts to have a credit balance.

Manufacturing Overhead Has an Underallocated Balance of $6,200; Raw Materials