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During the year, a company incurred $500,000 of manufacturing overhead costs and allocated $481,000 of manufacturing overhead costs. At year end, the adjustment entry needed
During the year, a company incurred $500,000 of manufacturing overhead costs and allocated $481,000 of manufacturing overhead costs. At year end, the adjustment entry needed to adjust the Manufacturing Overhead account balance to zero will include a debit to Cost of Goods Sold. True False
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