Assume Clayton Company has an immaterial credit balance in the Manufacturing Overhead account.The entry to close the Manufacturing Overhead account should include a:
A) credit to Finished Goods Inventory.
B) credit to Work in Process Inventory.
C) credit to Cost of Goods Sold.
D) debit to Cost of Goods Sold.
E) None of the answer choices is correct.
Correct Answer:
Verified
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