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Piekos Corporation incurred $90,000 of actual Manufacturing Overhead costs during June. During the same period, the...

Piekos Corporation incurred $90,000 of actual Manufacturing Overhead costs during June. During the same period, the Manufacturing Overhead applied to Work in Process was $92,000. The journal entry to record the application of Manufacturing Overhead to Work in Process would include a:

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Answer #1
Journal Entry :
Date Accounts title and explaination Debit Credit
Work in Progress A/c Dr. $92,000
   To Manufacturing Overhead $92,000
(To Record application of Manufacturing overhead)
Debit : Work in progress - 92,000
Credit : Manufacturing overhead - 92,000
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