? www.blackboard.Odu.edu/webapps/assess ment/take/launch.jsp?course asses C Chap

Question

? www.blackboard.Odu.edu/webapps/assess ment/take/launch.jsp?course asses C Chapter 7) Assignments-201730 SUMMER ACCT311 33738 Shop South Shore Furnitu uestion Completion Status: QUESTION 9 The journal entry to write-off an insignificant (not material) underapplied overhead balance at the end of an accounting period is Cost of Goods Sold.. ?, Applied Manufacturing Overhead txxx Cost of Goods Sold...XXX Manufacturing Overhead Control.. C. Work-In-Process Inventory. Finished Goods Inventory.... Cost of Goods Sold ?.. " xxx Manufacturing Overhead ControlxX D. Applied Manufacturing Overhead Work-In-Process Inventory Finished Goods inventory. xxx Cost of Goods Sold.. Manufacturing Overhead Control..X0x

Explanation / Answer

Solution: Applied Manufacturing overhead .........XXX

COGS...................................................XXX

Manufacturing overhead Control .........XXX

Working:

COGS and manufacturing overhead will be debited; and Manufacturing overhead Control will be credited for writing off an insignificant (not material) underapplied overhead balance at the end of an accounting period

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