At the end of the fiscal year, the balance in Factory Overhead is small. The balance will be

A) transferred to Work in Process
B) transferred to Cost of Goods Sold
C) transferred to Finished Goods
D) allocated between Work in Process and Finished Goods

Factory Overhead

All indirect costs associated with manufacturing, excluding direct materials and direct labor expenses.

Work in Process

Inventory items that are partially completed but not yet ready for sale, representing an intermediate stage in production.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including both materials and labor costs.