At the end of the year,Metro,Inc.has an unadjusted credit balance in the Manufacturing Overhead account of $750.Which of the following is the year-end adjusting entry needed to adjust the account?
A) A debit to Cost of Goods Sold of $750 and a credit to Finished Goods Inventory of $750
B) A debit to Manufacturing Overhead of $750 and a credit to Finished Goods Inventory of $750
C) A debit to Manufacturing Overhead of $750 and a credit to Cost of Goods Sold of $750
D) A debit to Cost of Goods Sold of $750 and a credit to Manufacturing Overhead of $750
Correct Answer:
Verified
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