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*A companys Factory Overhead account shows total debits of $624,000 and total credits of $646,000 at the end of the year. Determine whether there is

*A companys Factory Overhead account shows total debits of $624,000 and total credits of $646,000 at the end of the year. Determine whether there is over- or underapplied overhead using the T-account below.

*Record the entry to close the balance in the Factory Overhead account

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