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Wowza Corporation manufactures party supplies and uses a predetermined overhead. The CFO has estimated total manufacturing costs to be $108,500, and the activity driver
Wowza Corporation manufactures party supplies and uses a predetermined overhead. The CFO has estimated total manufacturing costs to be $108,500, and the activity driver hours, which are estimated to be 62,000 hours. The following beginning balances are below: Work in Process 19,800 Finished Goods $ 37,100 Prepare this journal entry: Transfer the over/under the amount of Manufacturing Overhead to Cost of Goods Sold.
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