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1) Kao finished production of both rose and lemon grass perfumes, and sold all of rose perfumes for $70 per bottle. But so far the
1)
Kao finished production of both rose and lemon grass perfumes, and sold all of rose perfumes for $70 per bottle. But so far the company sold 1500 bottles of lemon grass perfume each for $40. Close manufacturing overhead accounts and over/under allocation should be written off to COGS.
Make journal entries of these sales.
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