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Assume that Sheridan Manufacturing has $8,600 of under-applied Manufacturing Overhead at December 31, 2022 and has the following account balances at year end: $15,420 20,560

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Assume that Sheridan Manufacturing has $8,600 of under-applied Manufacturing Overhead at December 31, 2022 and has the following account balances at year end: $15,420 20,560 Work in Process Inventory Finished Goods Inventory Cost of Goods Sold Total costs 66,820 $102,800 Close out the under-applied Manufacturing Overhead using the proration method. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit

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