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Question 2 (1 mark) The following information relates to Wells Fargo for July 2021: Actual direct labor costs Actual direct labor rate per hour
Question 2 (1 mark) The following information relates to Wells Fargo for July 2021: Actual direct labor costs Actual direct labor rate per hour SAR 80 000 SAR 8 Factory overhead rate per direct labor hour SAR 12 Factory overhead incurred SAR 160 000 Assuming underapplied or overapplied overhead is transferred to cost of goods sold at the end of the period, how much would be the entry (debit or credit) to the cost of goods sold account? Question 2: Write your answer below (show calculations): I
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