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Assume that Pharoah Manufacturing has $8,500 of under-applied Manufacturing Overhead at December 31, 2022 and has the following account balances at year end: Close out

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Assume that Pharoah Manufacturing has $8,500 of under-applied Manufacturing Overhead at December 31, 2022 and has the following account balances at year end: Close out the under-applied Manufacturing Overhead using the proration method. (List all debit entries before credit entries. Credit account titles are outomatically indented when the amount is entered. Do not indent manually.)

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