Thaisom Company Applies Manufacturing Overhead

Multiple Choice

Thaisom Company applies manufacturing overhead. At the end of the year the following data were available: What is the journal entry if the amount of under- or over-applied overhead is considered small?

A) Cost of Goods Sold $5,000 Manufacturing Overhead $5,000
B) Cost of Goods Sold $3,000 Manufacturing Overhead $3,000
C) Cost of Goods Sold $2,000 Manufacturing Overhead $2,000
D) Manufacturing Overhead $5,000 Cost of Goods Sold $5,000
E) Manufacturing Overhead $3,000 Cost of Goods Sold $3,000