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If the $15,000 debit balance in the manufacturing overhead account is closed out to cost of goods sold, the related entry will:

If the $15,000 debit balance in the manufacturing overhead account is closed out to cost of goods sold, the related entry will:
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If the $15,000 debit balance in the manufacturing overhead account is closed out to cost of goods sold, the related entry will:

User Roy Longbottom
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5 votes
Over applied
The journal entry
Variance (Dr) 15000
Cost of goods sold (Cr) 15000

decrease the cost of goods sold
User Codingfloor
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