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Identify the journal entry to record the allocation of $50,000 of manufacturing overhead to jobs in a normal costing system.

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User Srk
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Final answer:

The journal entry to record the allocation of $50,000 of manufacturing overhead to jobs in a normal costing system is a debit to Work in Process (or Inventory) and a credit to Manufacturing Overhead.

Step-by-step explanation:

To record the allocation of $50,000 of manufacturing overhead to jobs in a normal costing system, you would make the following journal entry:

Debit: Work in Process (or Inventory) - $50,000

Credit: Manufacturing Overhead - $50,000

This entry increases the value of the Work in Process account and decreases the value of the Manufacturing Overhead account, reflecting the allocation of overhead costs to specific jobs.

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User Lyfe
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