Manufacturing Overhead Has an Overallocated Allocated Balance of $6,200; Raw

Multiple Choice

Manufacturing overhead has an overallocated allocated balance of $6,200; raw materials inventory balance is $50,000; work in process inventory is $30,000; finished goods inventory is $20,000; and cost of goods sold is $100,000.

Which of these accounts would have an ending credit balance?

A) Manufacturing Overhead
B) Finished Goods Inventory
C) Work in Process Inventory
D) Cost of Goods Sold