Independent Work February the 3rd, 2023 Dr Manufactoring Overhead (MOH) Cr The amount applied into the...
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Independent Work February the 3rd, 2023 Dr Manufactoring Overhead (MOH) Cr The amount applied into the MOH equals The actual cost in MOH equals Required: $70 000 $69 997 Dr Cost of Goods Sold (COGS) Cr Do the correct entries into the MOH account of the above mentioned values; Do we have the presence of underapplied or overapplied MOH? How much? Do the appropriate adjustment in COGS Account; *Why I have asked you to adjust only the COGS Account? $150 000 What is the new amount of expense in COGS Account? *When the adjustment is to be done, tracing the amount back to the individual units worked on during the period? Hint: Theoretical questions Independent Work February the 3rd, 2023 Dr Manufactoring Overhead (MOH) Cr The amount applied into the MOH equals The actual cost in MOH equals Required: $70 000 $69 997 Dr Cost of Goods Sold (COGS) Cr Do the correct entries into the MOH account of the above mentioned values; Do we have the presence of underapplied or overapplied MOH? How much? Do the appropriate adjustment in COGS Account; *Why I have asked you to adjust only the COGS Account? $150 000 What is the new amount of expense in COGS Account? *When the adjustment is to be done, tracing the amount back to the individual units worked on during the period? Hint: Theoretical questions
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1 The correct entries into the Manufacturing Overhead MOH account are as follows Date Account Title ... View the full answer
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