Question
28 If a company has under-applied overhead at the end of the accounting period, how is it accounted for? No entry occurs. It is transferred
If a company has under-applied overhead at the end of the accounting period, how is it accounted for?
No entry occurs.
It is transferred to Finished Goods with the other job costs.
It is debited to Cost of Goods Sold.
It is credited to Cost of Goods Sold.
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Advanced Accounting
Authors: Debra JeterJames Reeve, Jonathan Duchac, Horace Brock, Paul Chaney
4th Edition
0470506989, 978-0470506981
