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Bobs Treasures allocated $150,000 of Manufacturing Overhead to products manufactured in May. The actual manifacturing overhead was $170,000. The balance in Cost of goods sold
Bobs Treasures allocated $150,000 of Manufacturing Overhead to products manufactured in May. The actual manifacturing overhead was $170,000. The balance in Cost of goods sold was $2,000,000. The Balance in Finished Goods Inventory was $1,500,000. The balance in Work in Process Inventory was $1,000,000. Prepare the appropriate journal entry.
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