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At December 31, balances in Manufacturing Overhead are Ivanhoe Company-debit $1,020, Oriole Company-credit $780. Prepare the adjusting entry for each company at December 31 ,

At December 31, balances in Manufacturing Overhead are Ivanhoe Company-debit $1,020, Oriole Company-credit $780. Prepare the adjusting entry for each company at December 31 , assuming the adjustment is made to cost of goods sold

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