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4. The Rodeo Company produces a line of lariats. They use a normal-costing system and allocate manufacturing overhead based on direct manufacturing labor cost. The

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4. The Rodeo Company produces a line of lariats. They use a normal-costing system and allocate manufacturing overhead based on direct manufacturing labor cost. The following data are for the year: Budgeted manufacturing overhead cost $125,000 Budgeted direct manufacturing labor cost Actual manufacturing overhed co 223, 0,00 s the last dgts of your student ID Actual direct manufacturing labor cost $228,000 Inventory balances on December 31 were: Account Raw Materials Work in Process Finished goods Cost of Goods Sold Ending Balance 25,500 50,700 $245,050 $549,250 A. Compute the amount of under or over-applied manufacturing overheacd. B. what is the journal entry to close the MOH account if the amount is immaterial? C. What is the journal entry to close the MOH account if the amount is material

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