Use the Information Below to Answer the Following Question(s)

question 228

Multiple Choice

Use the information below to answer the following question(s) .
Here is selected data for Lorelei Corporation:

-At Lorelei Corporation the journal entry to close manufacturing overhead would include a

• A) credit to Manufacturing Overhead for $1,250.
• B) credit to Manufacturing Overhead for $1,450.
• C) debit to Manufacturing Overhead for $1,250.
• D) credit to Cost of Goods Sold for $1,250.

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Definitions:

Efficient Way

A method or approach characterized by achieving a desired outcome with the least waste of time, effort, or resource.

Font Color

The color applied to text in a document or application, contributing to the visual design and readability.

Number Format

The specification of how numeric values are displayed, including the use of decimal points, commas, and digits after the decimal.

Roman Numeral

A numeral system originating in ancient Rome, using combinations of letters from the Latin alphabet (I, V, X, L, C, D, M) to signify values.