at the end of 2023 the allocated manufacturing overhead cost was 1100,000 and the actual one was 1035,000. The ending balances were cost of goods sold 70,000; finished goods 22,000 and work in process 8,000. Instruction: Calculate the over/under allocated balance and prepare the adjusted entry if the differences were material.

at the end of 2023 the allocated manufacturing overhead cost was 1100,000 and the actual one was 1035,000 . The ending balances were cost of goods sold 70,000; finished goods 22,000 and work in process 8,000 . Instruction: Calculate the over/under allocated balance and prepare the adjusted entry if the differences were material