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the operations of the Kanyon company resulted in overapplied overhead of $6000. Which of the options below shows the correct entry to close out this
the operations of the Kanyon company resulted in overapplied overhead of $6000. Which of the options below shows the correct entry to close out this balance to cost of goods sold and the correct effect of the overapplied overhead on Cost of Goods Sold:
Options:
Journal Entry Effect on COGS
A) Cost of Good Solds Deduct $ 6000
Manufacturing Overhead
B) Manufacturing Overhead Deduct $ 6000
Cost of goods sold
C) Manufacturing Overhead Add $6000
Cost of Goods Sold
D) Cost of Goods Sold Add $6000
Manufacturing Overhead
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