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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
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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
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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
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