Cooper Company Had Overapplied Factory Overhead of $2,000 Last Year

question 86

Multiple Choice

Cooper Company had overapplied factory overhead of $2,000 last year.Assuming the amount was considered small enough not to materially distort net income,the entries needed to close factory overhead are:

• A)Factory Overhead 2,000 Applied Factory Overhead 2,000
• Applied Factory Overhead 2,000
• Cost of Goods Sold 2,000.
• B)Factory Overhead 2,000 Under- and Overapplied
• Factory Overhead 2,000.
• Cost of Goods Sold 2,000
• Under- and Overapplied
• Factory Overhead 2,000.
• C)Factory Overhead 2,000 Under- and Overapplied
• Factory Overhead 2,000
• Under- and Overapplied Factory
• Overhead 2,000
• Cost of Goods Sold 2,000
• D)Factory Overhead 2,000 Applied Factory Overhead 2,000
• Applied Factory Overhead 2,000
• Cost of Goods Sold 2,000

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