LO 6, 8\ Question 1, E3-28A (similar to)\ HW Score:

0%,0

of 7 points\ Part 1 of 6\ Points: 0 of 2\ Young Foundry uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required At the beginning of

t

the following:\ (Click the icon to view the costs)\ Young's accountant found an error in the expense records from the year reported. Depreciation on manufacturing plant and equipment was actually

$405,000

, not the reported. The unadjusted Cost of Goods Sold balance at year-end was

$580,000

. The manufacturing overhead allocated to jobs was

$456,000

.\ Read the requirements.\ Requirement 1. Prepare the journal entry (entries) to record manufactunng overhead costs incurred (Record debits first, then credits. Exclude explanations from any Journal Entry\ \\\\table[[Date,Accounts,Debit,Credit],[,,,],[,,,],[,,,],[,,,],[,,,]]

Young Foundry uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required At the beginning of t the following: (Click the icon to view the costs ) Young's accountant found an error in the expense records from the year reported. Depreciation on manufacturing plant and equipment was actually $405,000, not the reported. The unadjusted Cost of Goods Sold balance at year-end was $580,000 The manufacturing overhead allocated to jobs was $456,000. Read the requirements