Castagnola Inc

question 99

Multiple Choice

Castagnola Inc. has provided the following data for the month of January. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.
Manufacturing overhead for the month was overapplied by $1,000.
The company allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts.
-The journal entry to record the allocation of any underapplied or overapplied manufacturing overhead for January would include the following:

• A) credit to Cost of Goods Sold of $760
• B) debit to Cost of Goods Sold of $128,180
• C) credit to Cost of Goods Sold of $128,180
• D) debit to Cost of Goods Sold of $760

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Definitions:

Water

A transparent, odorless, tasteless liquid that forms the world's streams, lakes, oceans, and rain, and is the basis for the fluids of living organisms.

Cell Respiration

The metabolic process by which cells break down sugars to produce energy in the form of ATP, involving both aerobic and anaerobic pathways.

Organelles

Organelles are specialized structures within a cell that perform distinct processes necessary for the cell's life functions, such as mitochondria, ribosomes, and the nucleus.

Nonreproductive

Referring to functions, behaviors, or organs not directly involved in the process of reproduction.