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At the end of the year, Script Company had the following account balances: Balance Underapplied overhead $ 7,200,000 Cost of goods sold 67,200,000 Work-in-process inventory
At the end of the year, Script Company had the following account balances:
Balance | |||
Underapplied overhead | $ | 7,200,000 | |
Cost of goods sold | 67,200,000 | ||
Work-in-process inventory | 9,600,000 | ||
Finished goods inventory | 19,200,000 | ||
Show the Underapplied Overhead effect on the account balances in the following table.
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