Register

If the $30,000 credit balance in the manufacturing overhead account is closed out to cost of goods sold, the related entry will

If the $30,000 credit balance in the manufacturing overhead account is closed out to cost of goods sold, the related entry will
102k views
5 votes
If the $30,000 credit balance in the manufacturing overhead account is closed out to cost of goods sold, the related entry will

User Fre
by
7.7k points

1 Answer

2 votes
Under applied
The journal entry is
Cost of goods sold (Dr) 30000
To variance (Cr) 30000

Increase the cost of goods sold
User Adithya Surampudi
by
8.7k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
Link Copied!