In process costing there is never a balance remaining in Factory Overhead that needs to be closed at period end.

Name: In process costing there is never a balance remaining in Factory Overhead that needs to be closed at period end.
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Quizplus · Accepted Answer

In process costing, there can be a balance remaining in Factory Overhead at the end of a period. This balance needs to be closed out by either transferring it to Work in Process or to Cost of Goods Sold depending on the company's accounting practices.

In Process Costing There Is Never a Balance Remaining in Factory