At the End of the Year,Metro,Inc

question 185

Multiple Choice

At the end of the year,Metro,Inc.has an unadjusted credit balance in the Manufacturing Overhead account of $820.Which of the following is the year-end adjusting entry needed to adjust the account?

• A) A debit to Cost of Goods Sold of $820 and a credit to Finished Goods Inventory of $820
• B) A debit to Manufacturing Overhead of $820 and a credit to Finished Goods Inventory of $820
• C) A debit to Manufacturing Overhead of $820 and a credit to Cost of Goods Sold of $820
• D) A debit to Cost of Goods Sold of $820 and a credit to Manufacturing Overhead of $820

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