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During April, Cavy Company incurred factory overhead as follows: Journalize the factory overhead incurred during April. If an amount box does not require an entry,
During April, Cavy Company incurred factory overhead as follows: Journalize the factory overhead incurred during April. If an amount box does not require an entry, leave it blank. Journalize the following transactions: 1. March 10: 700 units of raw materials were purchased on account at $7.00 per unit. 2. March 15: 600 units of raw materials were requisitioned at $7.50 per unit for production, Job 872 . 3. March 25: 500 units of raw materials were requisitioned at $7.00 per unit for production, Job 879. If an amount box does not require an entry, leave it blank. Winston Company estimates that total factory overhead for the following year will be $577,500. The company has decided that the basis for applying factory overhead year was $1,163,000. Enter the amount as a positive number. a. Determine the total factory overhead applied during the year. $ b. Compute the over-or underapplied factory overhead for the year. $ c. Journalize the entry to close Factory Overhead to Cost of Goods Sold. If an amount box does not require an entry, leave it blank
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