Refer to the information in Exercise 7-23. Prepare an entry to allocate the under- or over-applied overhead.
Question:
Work-in-process inventory . . . . . . . . . . . . . . $10,125
Finished goods inventory . . . . . . . . . . . . . . . . 30,375
Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . 60,750
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Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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