2-Record entry to allocate (close) underapplied/overapplied overhead to cost of goods sold.

Chapter 15 Homework G Saved Help Save & Exit Submit Check my work 7 April 3 May 31 Inventories Raw materials Work in process Finished goods $47,006 11,080 67,088 $60,e00 22,900 43,600 Activities and information for May 7.16 polnts Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead 218,80e 361,803 Indirect raterials Indirect labor Other overhead costs 23,800 88,800 128,803 1,480,800 e Book Hint Sales (received in cash) Predetermined overhead rate based on direct labor cost 80% Print References Determine whether there is over or underapplied overhead Actual overhead nderapplied overhead Mc Graw Hill