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Warner Company has the following data for the last month: Actual overhead $28,000 Applied overhead: Work-In-Process Inventory $ 6,000 10,500 Finished Goods Inventory ..... 13,500
Warner Company has the following data for the last month: Actual overhead $28,000 Applied overhead: Work-In-Process Inventory $ 6,000 10,500 Finished Goods Inventory ..... 13,500 Cost of Goods Sold. 30,000 Total Assume that the overhead variance calculated above is material. Which of the following would appear in the journal entries to account for the overhead variance at the end of last month? Credit to Manufacturing Overhead for $2,000 Debit to Work-In-Process for $400 Credit to Cost of Goods Sold for $2,000 0 0 Credit to Finished Goods for $700
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