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Identify the journal entry to record the allocation of $50,000 of manufacturing overhead to jobs in a normal costing system.

User Srk
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Final answer:

The journal entry to record the allocation of $50,000 of manufacturing overhead to jobs in a normal costing system is a debit to Work in Process (or Inventory) and a credit to Manufacturing Overhead.

Step-by-step explanation:

To record the allocation of $50,000 of manufacturing overhead to jobs in a normal costing system, you would make the following journal entry:

Debit: Work in Process (or Inventory) - $50,000

Credit: Manufacturing Overhead - $50,000

This entry increases the value of the Work in Process account and decreases the value of the Manufacturing Overhead account, reflecting the allocation of overhead costs to specific jobs.

User Lyfe
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