Marina Corp The Application of Overhead Has Resulted in a $5,600 Credit

Multiple Choice

Marina Corp. applied overhead to jobs during the period as follows:

$$\begin{array} { l r r } \text { Jobs finished and sold } & \$ 46,000 \\\text { Jobs started and in process } & 54,000 \\\text { Jobs finished and ursold } & 100,000\end{array}$$
The application of overhead has resulted in a $5,600 credit balance in the Factory Overhead account. The entry to dispose of this remaining factory overhead balance is:

A) Debit Cost of Goods Sold $5,600; credit Factory Overhead $5,600.
B) Debit Factory Overhead $5,600; credit Cost of Goods Sold $5,600.
C) Debit Factory Overhead $5,600; credit Work in Process Inventory $5,600.
D) Debit Work in Process Inventory $5,600; credit Factory Overhead $5,600.
E) No entry is needed.