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At the End of the Year,Beta,Inc

Question 134

Multiple Choice

At the end of the year,Beta,Inc.has an unadjusted debit balance in the Manufacturing Overhead account of $3,990.The adjusting journal entry needed to adjust the balance to zero will include a ________.


A) debit to Cost of Goods Sold $3,990 and credit to Manufacturing Overhead $3,990
B) debit to Manufacturing Overhead $3,990 and credit to Cost of Goods Sold $3,990
C) debit to Work-in-Process Inventory $3,990 and credit to Manufacturing Overhead $3,990
D) debit to Gross Profit $3,990 and credit to Cost of Goods Sold $3,990

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