Refer to information in Exercise 19-7. Prepare the journal entry to allocate (close) over-applied or under-applied overhead
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April 30 May 31 Inventories Raw materials ...._ . Goods in process^._. $40.000 50,000 9,500 33,200 9.600 60,000 Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead 189,000 400,000 casn...-. 4....-. Indirect materials. Indirect labor Other overhead costs 2,000 75,000 00,500 1,200,000 Predetermined overhead rate based on direct labor cost ... 65%
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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