At the end of the period,balances in Manufacturing Overhead and all variance accounts are typically closed out to:
A)sales.
B)cost of goods sold.
C)work in process inventory.
D)finished goods.
E)None of the answer choices is correct.

Question

Quizplus · Accepted Answer

Manufacturing Overhead and variance accounts are related to the manufacturing process and costs. Therefore, they would be closed out to the cost of goods sold account at the end of the period.

At the End of the Period,balances in Manufacturing Overhead and All