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Refer to the information in Exercise 7-23. Prepare an entry to allocate the under- or over-applied overhead. Overhead applied in each of the inventory accounts is as follows: Work-in-process inventory . . . . . . . . . .

Refer to the information in Exercise 7-23. Prepare an entry to allocate the under- or over-applied overhead. Overhead applied in each of the inventory accounts is as follows:

Work-in-process inventory . . . . . . . . . . . . . . $10,125
Finished goods inventory . . . . . . . . . . . . . . . . 30,375
Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . 60,750

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Fundamentals of Cost Accounting

Fundamentals of Cost Accounting

ISBN: 978-0077398194

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Authors: William Lanen, Shannon Anderson, Michael Maher

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Question Details
Chapter # 7
Section: Review Questions
Problem: 24
Posted Date: April 26, 2012 02:17:11
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