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The journal entry to clear overapplied overhead is: Debit: Manufacturing overhead; Credit: Cost of goods sold Debit: Cost of goods sold; Credit: Manufacturing overhead Debit:
The journal entry to clear overapplied overhead is: Debit: Manufacturing overhead; Credit: Cost of goods sold Debit: Cost of goods sold; Credit: Manufacturing overhead Debit: Manufacturing overhead; Credit: Work in process, finished goods, and cost of goods sold Debit: Work in process, finished goods, and cost of goods sold; Credit: Manufacturing overhead
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