7-30. Refer to the information in Exercise 7-29. Prepare an entry to allocate the under- or overapplied overhead. Overhead applied in each of the inventory accounts is as follows. Work-in-process inventory Finished goods inventory. Cost of goods sold... $ 37,400 102,850 327,250

40. prorate Under- or Overapplied Overhead 40. 10 the information in Exercise 7-29. Prepare an entry to allocate the under-or overapplied Od. Overhead applied in each of the inventory accounts is as follows