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A proper journal entry to close overapplied manufacturing overhead to cost of goods sold would be: cost of goods sold, debit; work in process, credit
A proper journal entry to close overapplied manufacturing overhead to cost of goods sold would be: cost of goods sold, debit; work in process, credit manufacturing overhead, debit; cost of goods sold, credit cost of goods sold, debit; finished goods, credit cost of goods sold, debit; manufacturing overhead, credit
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