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Jones Company applied the following amounts of overhead to jobs during the year: $20,000 to jobs still in process, $60,000 to jobs completed but not
Jones Company applied the following amounts of overhead to jobs during the year: $20,000 to jobs still in process, $60,000 to jobs completed but not sold, and $120,000 to jobs finished and sold. At year-end, Jones Company's Factory Overhead account is under-applied by $5,000, which is not a material amount. What entry should Jones Company make at year-end
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