When Using the Proration Approach the Final Balance in the Manufacturing

question 1

Multiple Choice

When using the proration approach the final balance in the Manufacturing Overhead Control account can be closed to which account(s) at year-end?

• A)Work-in-Process Control
• B)Income Summary
• C)Finished Goods Inventory
• D)Cost of Goods Sold
• E)Work-in-Process Control, Finished Goods Inventory or Cost of Goods Sold would normally be used.

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