What is the appropriate closing journal entry if the ending balance of MOH Control is $32,000,...

What is the appropriate closing journal entry if the ending balance of MOH Control is $32,000, the ending balance of MOH Allocated is $28,000 and your company writes the over/under allocated overhead off to COGS?

	a.	Dr MOH Control 28,000 Dr COGS 4,000 Cr MOH Allocated 32,000
	b.	Dr MOH Allocated 32,000 Cr MOH Control 28,000 Cr COGS 4,000
	c.	Dr MOH Control 28,000 Cr MOH Allocated 28,000
	d.	Dr MOH Allocated 28,000 Dr COGS 4,000 Cr MOH Control 32,000

Expert Solution

d.	Dr MOH Allocated 28,000 Dr COGS 4,000 Cr MOH Control 32,000


MOH Control	$32,000
MOH Allocated	$28,000
Under-applied overhead	$4,000
(Increase Cost of goods sold)

ekkarill92 answered 2 years ago

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