At the End of the Year,Metro,Inc

question 184

Multiple Choice

At the end of the year,Metro,Inc.has an unadjusted credit balance in the Manufacturing Overhead account of $890.Which of the following is the year-end adjusting entry needed to adjust the account?

• A)A debit to Cost of Goods Sold of $890 and a credit to Finished Goods Inventory of $890
• B)A debit to Manufacturing Overhead of $890 and a credit to Finished Goods Inventory of $890
• C)A debit to Manufacturing Overhead of $890 and a credit to Cost of Goods Sold of $890
• D)A debit to Cost of Goods Sold of $890 and a credit to Manufacturing Overhead of $890

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