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Prepare adjusting BE3.12 entries for under-and over-applied overhead. (LO6) At December 31, balances in Manufacturing Overhead are Diaz Company- debit $1,200, Garcia Company-credit $900. Prepare

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Prepare adjusting BE3.12 entries for under-and over-applied overhead. (LO6) At December 31, balances in Manufacturing Overhead are Diaz Company- debit $1,200, Garcia Company-credit $900. Prepare the adjusting entry for each company at December 31, assuming the adjustment is made to cost of goods sold

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