Question
MM company uses traditional costing system, where it applies manifacturing ousted costs w production to blend minden te laten in de post de unge following:
MM company uses traditional costing system, where it applies manifacturing ousted costs w production to blend minden te laten in de post de unge following: Applied manufacturing overhead: $800,000 Actual manufacturing overbead: $900,000 The company adopts procation method to adjust for underlever applied overhead. You are pren the following mng lules Finished goods (FG) Work in process (WP) Cost of goods sold (COGS 200,000 80,000 220,000 The entry to adjust for the underapplied overhead will include O Debit: COGS 220,000, WIP 80,000 and FG 200,000 Debit COGS for 44,000 Correct answer is not provided Credit FG 200,000
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