Thaisom Company applies manufacturing overhead. At the end of the year the following data were available: Actual Manufacturing Overhead $115,000 Estimated Manufacturing Overhead $120,000 Applied Manufacturing Overhead $118,000 What is the journal entry if the amount of under - or over-applied overhead is considered small?
a. Cost of Goods Sold$3,000 Manufacturing Overhead$3,000
b. Manufacturing Overhead$5,000 Cost of Goods Sold$5,000
c. Cost of Goods Sold$2,000 Manufacturing Overhead$2,000
d. Cost of Goods Sold$5,000 Manufacturing Overhead$5,000
e. Manufacturing Overhead$3,000 Cost of Goods Sold$3,000
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