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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Definitions:

Practitioners

Refers to individuals who actively engage in a particular profession or occupation, especially in fields such as medicine, law, or consulting, applying their expertise in practical settings.

Managers

Individuals responsible for directing and overseeing the activities and functions of a group or organization to achieve its objectives.

Quality Advocate

A person or role dedicated to promoting, ensuring, and improving the quality of products, services, or processes within an organization.

Production Manager

A professional responsible for overseeing the production process in a manufacturing facility, ensuring that goods are produced efficiently, on time, and within budget.