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Given the data set below, what would be the journal entry to adjust for under- or overallocated overhead using the proration method? Actual MOH, $1,200,000
Given the data set below, what would be the journal entry to adjust for under- or overallocated overhead using the proration method?
- Actual MOH, $1,200,000
- Allocated MOH, $1,400,000
- WIP $100,000 FG $200,000 COGS $700,000
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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
2nd Edition
0078110823, 9780078110825
