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Pearl Company reported the following actual cost data for the year: Required: 1. Calculate the cost of goods manufactured. 2. What was the cost of

image text in transcribed Pearl Company reported the following actual cost data for the year: Required: 1. Calculate the cost of goods manufactured. 2. What was the cost of goods sold before adjusting for any under or overapplied overhead? 3. By how much was manufacturing overhead cost under or overapplied? 4. Prepare a summary journal entry to close any under or overapplied manufacturing overhead cost to cost of goods sold. Pearl Company reported the following actual cost data for the year: Required: 1. Calculate the cost of goods manufactured. 2. What was the cost of goods sold before adjusting for any under or overapplied overhead? 3. By how much was manufacturing overhead cost under or overapplied? 4. Prepare a summary journal entry to close any under or overapplied manufacturing overhead cost to cost of goods sold

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